Shift4 Payments launches $1.1B senior notes offering to refinance debt and for general corporate purposes

Shift4 Payments, Inc.

Proposed $1.1B aggregate principal amount of senior notes by subsidiaries Shift4 Payments, LLC and Shift4 Payments Finance Sub, Inc.
Net proceeds for general corporate purposes: working capital, acquisitions, debt retirement, stock repurchases.
Expected to repay $690M 0% Convertible Senior Notes due 2025 and/or $450M 4.625% Senior Notes due 2026.
Adjusted EBITDA for LTM ended June 30, 2024: $544.7M; further adjusted EBITDA (incl. acquisitions & synergies): $589.7M.
Offering is private (Rule 144A/Reg S); no assurances of completion.

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