Global Payments $6.2 billion notes offering
We advised the bookrunners on the acquisition financing
Davis Polk advised the joint book-running managers and representatives of the underwriters in connection with the offering by Global Payments Inc. of $1.75 billion aggregate principal amount of 4.500% notes due 2028, $1.7 billion aggregate principal amount of 4.875% notes due 2030, $1 billion aggregate principal amount of 5.200% notes due 2032 and $ 1.75 billion aggregate principal amount of 5.550% notes due 2035. The proceeds are to be used to fund a portion of the cash consideration for Global Payments’ acquisition of Worldpay Holdco, LLC, pay transaction costs related to the acquisition of Worldpay, as well as the refinancing of certain of Worldpay’s and its subsidiaries’ outstanding indebtedness.
Global Payments has been in the payment technology services business since 1967 and is a leading payments technology company delivering innovative software and services to customers globally, with worldwide reach spanning North America, Europe, Asia-Pacific and Latin America.
The Davis Polk capital markets team included partner Roshni Banker Cariello, counsel Claudia Carvajal Lopez and associate Gabriela N. Gura. Counsel Yixuan Long and associate Omar Hersi provided tax advice. Partner Pritesh P. Shah and associate Francesca Masella provided intellectual property advice. Counsel Suiwen Liang and associate Billy Hicks provided financial regulatory advice. All members of the Davis Polk team are based in the New York office.