Welcome to our dedicated page for Shift4 Payments news (Ticker: FOUR), a resource for investors and traders seeking the latest updates and insights on Shift4 Payments stock.
Shift4 Payments, Inc. provides integrated payments and commerce technology for businesses across in-store, online, mobile and venue-based channels. Company news commonly covers quarterly financial results, payment-processing partnerships, sports and entertainment venue deployments, restaurant technology integrations, and updates to products such as SkyTab and platforms such as The Giving Block.
Recurring developments also include leadership changes, international commercial organization updates, preferred-stock dividends, and customer wins in restaurants, hospitality, stadiums, nonprofits and other verticals. Shift4 describes its platform as handling transaction processing, merchant acquiring, omni-channel gateway capabilities, eCommerce tools and reporting services for businesses in the United States and internationally.
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 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 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.