secwatch.observer — SEC 8-K summary
======================================

Issuer:     GLOBAL PAYMENTS INC (GPN)
CIK:        0001123360
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001104659-25-035771
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Payments to acquire Worldpay for $24.25B, divest Issuer Solutions to FIS for $13.5B
--------------------------------------------------------------------------------

- Q1 2025 preliminary adj. net revenue $2,205M, adj. EPS $2.69; reaffirms FY2025 outlook.
- Worldpay acquisition valued at $24.25B (8.5x adj. EBITDA net); net purchase price $22.7B.
- Issuer Solutions divestiture to FIS at $13.5B (12.3x adj. EBITDA); expected close H1 2026.
- Pro forma: ~$12.5B adj. net revenue, ~$6.5B adj. EBITDA; $600M cost, $200M revenue synergies.
- GTCR gets ~15% stake at $97/share; leverage ~3.5x at close, investment grade retained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1123360/000110465925035771/0001104659-25-035771-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1123360/000110465925035771/tm2512552d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-035771

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer