secwatch.observer — SEC 8-K summary
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Issuer:     Shift4 Payments, Inc. (FOUR)
CIK:        0001794669
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001193125-24-216669
Event type: debt
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shift4 closes $450M senior secured revolving credit facility due 2029
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- Facility provides $450M, with $112.5M available for letters of credit, maturing Sept 5, 2029.
- Refinances prior revolving credit facility from Jan 2021; new facility undrawn at closing.
- Interest at SOFR + 2.00% or alternate base rate + 1.00%; commitment fee 0.25% on undrawn.
- CFO Nancy Disman cites increased flexibility to support global growth.
- Springing covenant triggers if revolving exposure exceeds 40% of commitments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794669/000119312524216669/0001193125-24-216669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794669/000119312524216669/d347577d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-216669

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