{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-027012","form_type":"8-K","ticker":"GPN","cik":"0001123360","company_name":"GLOBAL PAYMENTS INC","filed_at":"2024-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.449584+00:00","generated_at":"2026-06-05T16:41:44.820122+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Global Payments issues $2.0B of 1.5% convertible notes due 2031; repurchases $185M of stock","bullets":["Issued $2.00B aggregate principal of 1.50% Convertible Senior Notes due March 1, 2031, including $250M greenshoe.","Net proceeds of ~$1.96B; used $254M for capped call transactions and $185M to repurchase 1,414,759 shares at $130.80.","Initial conversion price of $156.96 per share; capped call cap price $228.90, reducing potential dilution.","Remaining net proceeds to repay commercial paper and Revolving Credit Agreement borrowings.","Notes are senior unsecured, callable after March 6, 2028; holders may convert under specified conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-027012","json":"https://secwatch.observer/filing/0001104659-24-027012.json","markdown":"https://secwatch.observer/filing/0001104659-24-027012.md","text":"https://secwatch.observer/filing/0001104659-24-027012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1123360/000110465924027012/0001104659-24-027012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1123360/000110465924027012/tm246899d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T16:41:44.820122+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"201ea55d62781b3206cc12b6d90343530edba201","claim":"GLOBAL PAYMENTS INC incurred convertible notes of $2.00 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 1.50% per year maturing March 1, 2031.","evidence_excerpt":"On February 23, 2024 (the “Closing Date”), Global Payments Inc. (the “Company”) closed its private offering (the “Convertible Senior Notes Offering”) of $2.00 billion aggregate principal amount of its 1.50% Convertible Senior Notes due 2031 (the “Notes”), which amount includes the exercise in full of the $250 million option granted to the initial purchasers of the Notes, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1123360/000110465924027012/0001104659-24-027012-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$2.00 billion aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"1.50% per year"},{"label":"Maturity","value":"March 1, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a2171da90e6f7372d91c040d6f9936b16698452a","claim":"GLOBAL PAYMENTS INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $2.00 billion aggregate principal amount (effective 2024-02-23).","evidence_excerpt":"On February 23, 2024 (the “Closing Date”), Global Payments Inc. (the “Company”) closed its private offering (the “Convertible Senior Notes Offering”) of $2.00 billion aggregate principal amount of its 1.50% Convertible Senior Notes due 2031 (the “Notes”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1123360/000110465924027012/0001104659-24-027012-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$2.00 billion aggregate principal amount"},{"label":"Effective","value":"2024-02-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}