secwatch.observer — SEC 8-K summary
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Issuer:     Shift4 Payments, Inc. (FOUR)
CIK:        0001794669
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001193125-24-233122
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Shift4 Payments enters $100M settlement line of credit with Citizens Bank
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- Facility of up to $100M for day-to-day funding of interchange fees and related merchant obligations.
- Matures September 29, 2025; interest at daily simple SOFR plus 0.75% or alternative base rate.
- Replaces cash collateral under existing sponsorship agreement with Citizens Bank; unused fee 0.15%.
- Secured by first-priority liens on assets of Shift4 LLC and future guarantors; no current guarantors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794669/000119312524233122/0001193125-24-233122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794669/000119312524233122/d829126d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-233122

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