GLOBAL PAYMENTS INC (GPN): debt financing — Global Payments closes $7.25B revolver; $1.5B tranche deferred to Worldpay close; bridge cut to $6.2B

GLOBAL PAYMENTS INC

New $7.25B unsecured revolving credit facility; $5.75B available immediately, $1.5B on Worldpay acquisition closing.
Revolver matures in five years with two one-year extension options; margin starts at 1.375% above SOFR for non-base-rate loans.
Bridge loan commitments reduced from $7.7B to $6.2B upon effectiveness of the new credit agreement.
Replaces existing August 2022 credit agreement; financial covenant based on net leverage ratio.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GLOBAL PAYMENTS INC incurred revolving credit of $5.75 billion with Bank of America, N.A. at applicable margin ... initially 1.375% maturing fifth anniversary of the Closing Date.

Instrument: revolving credit
Principal: $5.75 billion
Counterparty: Bank of America, N.A.
Rate: applicable margin ... initially 1.375%
Maturity: fifth anniversary of the Closing Date
Event: incurrence

Exact text from the filing

The Revolving Credit Agreement provides for an unsubordinated unsecured $7.25 billion revolving credit facility (the “Revolving Credit Facility”), of which (a) $5.75 billion of commitments have been made available on the Closing Date

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Source: SEC EDGAR

accession 0001104659-25-050050

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