The 1.5% convertible notes are due 2031

Davis Polk acted as special product counsel to the representatives of the several initial purchasers in connection with a Rule 144A offering by Global Payments Inc. of an aggregate principal amount of $2 billion of its 1.50% convertible senior notes due 2031, which included $250 million principal amount of notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. In addition, Davis Polk advised counterparties to capped call transactions in connection with the convertible notes offering.

Global Payments Inc. is a leading payments technology company delivering innovative software and services to customers globally. Headquartered in Georgia with approximately 27,000 team members worldwide, Global Payments is a Fortune 500 company and a member of the S&P 500 with worldwide reach spanning North America, Europe, Asia Pacific and Latin America

The Davis Polk equity derivatives team included partner Mark M. Mendez and associates Greg Marchesini, Lindsey B. Meyers-Perez and Jonathan Schlecht. The tax team included partner Lucy W. Farr and associate Tyler Scheiner. All members of the Davis Polk team are based in the New York office.