Shift4 Payments Inc Stock Price, News & Analysis

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.

Shift4 (NYSE: FOUR), a leading integrated payments and commerce technology company, has announced its first quarter 2025 financial results. The company has made the detailed financial information available through their Q1 2025 Shareholder Letter, which can be accessed on their investor relations website.

The company has scheduled an earnings conference call for April 29th, 2025, at 8:30 a.m. ET, offering multiple ways for stakeholders to participate:

• Toll-free dial-in: +1-877-407-0613
• Toll dial-in: +1-201-689-8051
• Live webcast through Shift4's investor website
• X Spaces simulcast (formerly Twitter)

In an innovative approach to investor relations, President Taylor Lauber will address selected investor questions during the call. Investors can submit their questions in advance via email to investors@shift4.com.

OPENLANE (NYSE: KAR) has appointed Brad Herring as EVP and Chief Financial Officer, effective May 27, 2025. Herring brings over 30 years of experience in financial operations, investor relations, and business development to the digital marketplace for wholesale used vehicles.

Herring will lead all financial, reporting, and investor-facing functions, including capital investment strategy, reporting directly to CEO Peter Kelly. His previous experience includes CFO positions at notable companies like Enfusion (NYSE:ENFN), Shift4 Payments (NYSE:FOUR), and Elavon, along with leadership roles at Equifax, Delta Air Lines, and ING North America.

The appointment aligns with OPENLANE's vision to build the world's greatest digital marketplace for used vehicles, leveraging Herring's expertise in improving financial performance and strengthening investor relations.

Shift4 Payments (NYSE: FOUR) has extended its all-cash tender offer to acquire Global Blue Group Holding AG (NYSE: GB) through its subsidiary GT Holding 1 GmbH. The tender offer has already achieved a significant milestone with approximately 231,574,334 shares (96.42% of outstanding shares) validly tendered, surpassing the required 90% threshold.

The acquisition, initially announced on February 16, 2025, is subject to regulatory approvals and customary closing conditions. The tender offer deadline has been extended to May 6, 2025, at 11:59 p.m. (New York City time). Global Blue's board has unanimously recommended shareholders to tender their shares. The transaction is expected to close by the third quarter of 2025.

Shift4 (NYSE: FOUR), a leader in integrated payments and commerce technology, has scheduled its first quarter 2025 financial results release for Tuesday, April 29, 2025, before market open. The company will host an earnings conference call at 8:30am ET on the same day, accessible via toll-free dial-in and webcast through their investor relations website.

Additionally, the company announced upcoming investor conference participations: A fireside chat at the 2025 Barclays FinTech Conference on May 20, 2025, at 9:45AM ET in New York, and attendance at the 2025 D.A. Davidson Tech Conference on June 10, 2025, in Nashville, where management will be available for one-on-one and small group meetings.

Shift4 (NYSE:FOUR) has expanded its partnership with Great Wolf Resorts to become their global payments provider across all 22 U.S. Great Wolf Lodge resort locations. The collaboration leverages Shift4's end-to-end payment ecosystem to deliver comprehensive commerce technologies.

Great Wolf Resorts will consolidate their payment processing and business intelligence systems into a unified experience for staff and guests. The partnership supports Great Wolf's international expansion plans by enabling global payment acceptance and providing a consistent payment experience.

The solution caters to Great Wolf's unique business model, which combines traditional hotel services with amusement and water park offerings. Bret McLeod, CFO of Great Wolf Resorts, emphasized that Shift4's platform enhances guest experience by providing flexible payment options throughout their facilities.

Lunchbox, a leader in enterprise restaurant technology, has announced two major developments: the appointment of James Walker as CEO and a strategic investment from Shift4. Walker, bringing 30+ years of executive experience from brands like Subway, Nathan's Famous, and Cinnabon, will partner with Nabeel Alamgir, who transitions to Executive Chairman.

The company has shown remarkable growth with a 340% increase in average deal size since 2022 and a 300% growth in product adoption, with clients now using an average of 4 products compared to 1 in 2022. Notable enterprise clients include Paris Baguette, Pei Wei, Friendly's, and Papa John's.

Through this strategic partnership, Shift4 will prioritize Lunchbox as the enterprise solution for its SkyTab POS system. The funding will support product development, enhance enterprise capabilities, and advance the company's AI and automation initiatives.