Shift4 Payments €430 million notes offering
We advised the representative of the initial purchasers on the offering
Davis Polk advised the representative of the several initial purchasers in connection with a Rule 144A / Regulation S offering by Shift4 Payments LLC and Shift4 Payments Finance Sub, Inc., subsidiaries of Shift4 Payments, Inc., of €430 million aggregate principal amount of their 5.500% senior secured notes due 2033. The notes are guaranteed by certain subsidiaries of Shift4 Payments. Proceeds from the offering will be used for general corporate purposes, including the repayment of debt, strategic acquisitions, growth initiatives and the repurchase of outstanding common stock pursuant to Shift4 Payments’ stock repurchase program.
Shift4 Payments is a leading independent provider of software and payment processing solutions in the United States, based on the total volume of payments processed. It powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry.
The Davis Polk capital markets team included partner Hillary A. Coleman and associates Marcos Sauquet Trias and Ryeaan Anwar Chaudhary. Partner Scott M. Herrig and associate Blair (Jiaxin) Shi provided finance advice. Counsel Liang Zhang and associate Benjamin Silver provided tax advice. Partner Frank Azzopardi and associate Gabrielle Mazero provided intellectual property advice. All members of the Davis Polk team are based in the New York office.