Shift4 Payments Inc Stock Price, News & Analysis

Shift4 Payments (NYSE: FOUR) has announced an extension of its all-cash tender offer to acquire Global Blue Group Holding AG (NYSE: GB). The tender offer will now remain open until June 23, 2025. As of June 5, 2025, approximately 232,846,816 shares (96.95% of outstanding shares) have been validly tendered, exceeding the 90% minimum threshold requirement. The acquisition, initially announced on February 16, 2025, is still subject to regulatory approvals in certain jurisdictions and other customary closing conditions. Global Blue's board has unanimously recommended shareholders to tender their shares. The transaction is expected to close by Q3 2025, as previously announced. Shareholders who have already tendered their shares do not need to take any further action.

Shift4 Payments (NYSE: FOUR) has announced an extension of its all-cash tender offer to acquire Global Blue Group Holding AG (NYSE: GB). The tender offer will now remain open until June 5, 2025. As of May 20, 2025, approximately 232,150,795 shares have been validly tendered, representing 96.66% of outstanding shares, exceeding the required 90% minimum threshold.

The transaction, initially announced on February 16, 2025, is still subject to regulatory approvals in certain jurisdictions and other customary closing conditions. Global Blue's board has unanimously recommended shareholders to tender their shares. The acquisition is expected to close by Q3 2025, as previously announced.

Shift4 Payments (NYSE: FOUR) has successfully completed its previously announced debt offering, consisting of €680 million of 5.500% senior notes due 2033 and a tack-on offering of $550 million of 6.750% senior notes due 2032. The new 2032 notes will be consolidated with existing notes of $1.1 billion issued in August 2024. The company plans to use the proceeds, along with a new Term Loan B facility and mandatory convertible preferred stock, to finance its acquisition of Global Blue Group Holding AG, redeem its 4.625% senior notes due 2026, and for general corporate purposes including debt repayment and strategic growth initiatives.

Shift4 Payments (NYSE: FOUR) has announced the pricing of two senior notes offerings: €680 million of 5.500% senior notes due 2033 and $550 million of 6.750% senior notes due 2032. The Euro Notes were priced at par value, while the 2032 Notes were priced at 100.50%. The 2032 Notes are an addition to the existing $1.1 billion notes issued in August 2024. The company plans to close the offering on May 16, 2025. The proceeds, along with a new secured term loan B facility and mandatory convertible preferred stock, will be used to finance the acquisition of Global Blue Group Holding AG, redeem the 4.625% Senior Notes due 2026, and for general corporate purposes including debt repayment and strategic growth initiatives.

Shift4 Payments (NYSE: FOUR) has announced a $550 million tack-on offering of 6.750% senior notes due 2032, supplementing their previously announced €680 million senior notes offering. The new notes will be combined with existing $1.1 billion notes from August 2024 under the same indenture. The company plans to use proceeds from these notes, along with a new Term Loan B facility and mandatory convertible preferred stock offering, to finance their acquisition of Global Blue Group Holding AG, redeem their 4.625% Senior Notes due 2026, and for general corporate purposes. The notes will be offered privately to qualified institutional buyers under Rule 144A and to offshore investors under Regulation S.

Shift4 Payments (NYSE: FOUR) has announced an extension of its all-cash tender offer to acquire Global Blue Group Holding AG (NYSE: GB). The tender offer will now remain open until May 20, 2025. As of May 6, 2025, approximately 232,130,611 shares have been validly tendered, representing 96.65% of outstanding shares, exceeding the required 90% threshold.

The acquisition, initially announced on February 16, 2025, is subject to regulatory approvals and customary closing conditions. Global Blue's board has unanimously recommended shareholders tender their shares. The transaction is expected to close by Q3 2025.

Shift4 Payments (NYSE: FOUR) has announced a proposed offering of €680 million in senior notes through its subsidiaries. The private offering will be backed by joint and several guarantees from certain Shift4 subsidiaries. The company plans to use the proceeds from this offering, along with a new secured term loan B facility and mandatory convertible preferred stock offering, to finance its acquisition of Global Blue Group Holding AG and for general corporate purposes. The notes will be available exclusively to qualified institutional buyers under Rule 144A and certain offshore investors under Regulation S of the Securities Act. This strategic move represents a significant financing initiative for Shift4's expansion plans, particularly focused on the Global Blue merger and potential future acquisitions.

Shift4 Payments has successfully priced its upsized public offering of Series A Mandatory Convertible Preferred Stock. The offering increased from 7.5 million to 8.75 million shares, priced at $100.00 per share. The company also granted underwriters a 30-day option for an additional 1.25 million shares.

The preferred stock will earn a 6.00% annual dividend, payable quarterly starting August 1, 2025. Unless converted earlier, each share will automatically convert to 0.9780-1.2224 shares of Class A Common Stock by May 1, 2028.

The proceeds, combined with proposed debt financing of up to $1.735 billion and existing cash, will fund the previously announced Global Blue Group Holding acquisition and other corporate purposes. Major financial institutions, including Goldman Sachs, Citigroup, and Wells Fargo Securities, are serving as joint book-running managers for the offering, expected to close around May 5, 2025.

Shift4 Payments (NYSE: FOUR) has announced a public offering of 7,500,000 shares of Series A Mandatory Convertible Preferred Stock. The company plans to grant underwriters a 30-day option to purchase up to 1,125,000 additional shares to cover over-allotments.

The offering will help finance Shift4's previously announced acquisition of Global Blue Group Holding and other corporate purposes. Major financial institutions, including Goldman Sachs, Citigroup, and Wells Fargo Securities, are acting as joint book-running managers.

Key features of the preferred stock include:

• $100.00 per share liquidation preference
• Automatic conversion into Class A common stock by May 1, 2028
• Company's right to redeem all shares if merger conditions aren't met

The offering proceeds, combined with proposed additional permanent debt financing of up to $1,735.0 million and existing cash, will support the merger's cash consideration and related costs.