Shift4 Payments, Inc. (FOUR): M&A transaction — Shift4 completes $2.7B acquisition of Global Blue; 97.4% shares tendered at $7.50-$11.81 per share

Shift4 Payments, Inc.

Acquired 97.37% of Global Blue shares via tender; aggregate consideration ~$2.7B in cash.
Funded with $1B term loan, $1B mandatory convertible preferred (6% Series A), and €680M + $550M senior notes.
Shift4 amended credit facility: revolver increased $100M to $550M, added $1B term loan due 2032.
Planned statutory squeeze-out merger to acquire remaining shares; intends to delist Global Blue from NYSE.

item 1.01 item 2.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Shift4 Payments, Inc. amended revolving credit of increase from $450,000,000 to $550,000,000 with Goldman Sachs Bank USA at term SOFR (0.0% floor) + 2.00% or alternate base rate + 1.00% maturing September 5, 2029.

Instrument: revolving credit
Principal: increase from $450,000,000 to $550,000,000
Counterparty: Goldman Sachs Bank USA
Rate: term SOFR (0.0% floor) + 2.00% or alternate base rate + 1.00%
Maturity: September 5, 2029
Event: amendment

Exact text from the filing

increase commitments under the existing $450,000,000 senior secured revolving credit facility under the Existing Credit Agreement (the "Existing Revolving Credit Facility") by $100,000,000 (the "Revolving Credit Facility Increase"), to an aggregate amount of $550,000,000

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Shift4 Payments, Inc. incurred term loan of $1,000,000,000 with Goldman Sachs Bank USA at term SOFR (0.0% floor) + 2.75% or alternate base rate + 1.75% maturing July 3, 2032.

Instrument: term loan
Principal: $1,000,000,000
Counterparty: Goldman Sachs Bank USA
Rate: term SOFR (0.0% floor) + 2.75% or alternate base rate + 1.75%
Maturity: July 3, 2032
Event: incurrence

Exact text from the filing

provide for a senior secured term loan facility in an aggregate principal amount of $1,000,000,000 (the "Term Loan Facility" and, together with the Revolving Credit Facility, the "Credit Facilities")

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Shift4 Payments, Inc. completed an acquisition involving Global Blue Group Holding AG (closed 2025-07-03).

Action: acquisition
Counterparty: Global Blue Group Holding AG
Closing: 2025-07-03

Exact text from the filing

On July 3, 2025, Shift4 Payments, Inc., a Delaware corporation (“Shift4”), announced the expiration of the cash tender offer (the “Offer”) by GT Holding 1 GmbH, a Swiss limited liability company and indirect wholly owned subsidiary of Shift4 (“Merger Sub”), to acquire all of the outstanding (i) registered ordinary shares, nominal value of CHF 0.01 per share, of Global Blue Group Holding AG (“Global Blue”), a stock corporation incorporated under the laws of Switzerland (the “Global Blue Common Shares”), at a price per share equal to $7.50 (the “Common Shares Consideration”),

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102 debt financings filed in the last 30 days. Browse all debt financings →

Shift4 Payments, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-155254

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