Shift4 Payments Inc Stock Price, News & Analysis

Shift4 Payments, Inc. (NYSE: FOUR) has successfully completed its previously announced offering of $1,100.0 million aggregate principal amount of 6.750% senior notes due 2032. The notes, issued by subsidiaries Shift4 Payments, and Shift4 Payments Finance Sub, Inc., are guaranteed by certain of Shift4's subsidiaries. The company plans to use the net proceeds for general corporate purposes, including working capital, acquisitions, debt retirement, stock repurchases, and other business opportunities.

Shift4 intends to use part of the proceeds to repay outstanding borrowings under its $690.0 million of 0.00% Convertible Senior Notes due 2025 and/or $450.0 million of 4.625% Senior Notes due 2026. The notes were offered privately to qualified institutional buyers in the U.S. and outside the U.S. in accordance with Rule 144A and Regulation S of the Securities Act of 1933.

Shift4 (NYSE:FOUR), a leader in integrated payments and commerce technology, has partnered with Pacers Sports & Entertainment to power all ticket sales and foodservice payments at Gainbridge Fieldhouse, home of the NBA's Indiana Pacers. This collaboration aims to enhance the guest experience and streamline operations at the venue.

Shift4's end-to-end payment processing solutions cater to the unique needs of large-scale sporting venues, supporting multiple revenue centers and high transaction volumes. The company's unified commerce ecosystem is designed to provide a seamless gameday experience for Pacers fans from start to finish.

This partnership aligns with Pacers Sports & Entertainment's goal of continually improving the guest experience at Gainbridge Fieldhouse. Shift4's integrated commerce solutions are already used by major professional sports leagues, colleges, and entertainment venues across various business verticals.

Shift4 Payments, Inc. (NYSE: FOUR) has announced the pricing of a $1,100.0 million offering of senior notes due 2032. The notes, priced at par value, will bear an interest rate of 6.750% per annum. This private offering is exempt from Securities Act registration requirements. The notes will be guaranteed by certain Shift4 subsidiaries and are expected to close on August 15, 2024.

Shift4 plans to use the net proceeds for general corporate purposes, including working capital, acquisitions, debt retirement, stock repurchases, and other business opportunities. The company anticipates using some proceeds to repay outstanding borrowings from its $690.0 million 0.00% Convertible Senior Notes due 2025 and/or $450.0 million 4.625% Senior Notes due 2026.

Shift4 Payments, Inc. (NYSE: FOUR), a leader in integrated payments and commerce technology, has announced that its subsidiaries are proposing to offer $1,100.0 million aggregate principal amount of senior notes in a private offering. The notes will be guaranteed jointly and severally on a senior unsecured basis by certain of Shift4's subsidiaries.

The company intends to use the net proceeds for general corporate purposes, including working capital, acquisitions, debt retirement, common stock repurchases, and other business opportunities. Shift4 expects to use some of the proceeds to repay outstanding borrowings under its $690.0 million of 0.00% Convertible Senior Notes due 2025 and/or $450.0 million of 4.625% Senior Notes due 2026.

The notes will not be registered under the Securities Act and will only be offered to qualified institutional buyers and certain persons in offshore transactions.

Shift4 (NYSE: FOUR), a leader in integrated payments and commerce technology, has announced its second quarter 2024 financial results. The company has posted its Q2 2024 Shareholder Letter, which can be accessed on their Investor Relations website. Shift4 will host an earnings conference call on August 8th, 2024, at 8:30 a.m. ET to discuss the results. The call will be available via toll-free and toll dial-in numbers, as well as a live webcast on the company's website. Additionally, Shift4 will simulcast the live audio of the earnings call via X Spaces (formerly Twitter Spaces). Investors are encouraged to submit questions in advance via email for CEO Jared Isaacman to address during the call.

Kickfin, the leading tip management software, has announced a new integration with SkyTab, Shift4's restaurant point-of-sale (POS) solution. This integration allows restaurants using SkyTab to auto-calculate tip pools and send payouts directly to employees' bank accounts, eliminating the need for cash or pay cards. The partnership aims to modernize tip management for restaurants, streamlining operations and ensuring accuracy and compliance.

SkyTab POS offers a comprehensive suite of features, including online ordering, contactless payments, and built-in marketing tools. The integration with Kickfin enables complex tip policy calculations based on various factors such as roles, shifts, and sales categories. Kickfin's system provides robust payment tracking and reporting capabilities, simplifying accounting processes for restaurant managers.

Shift4 (NYSE: FOUR), a leader in integrated payments and commerce technology, has announced the release of its second quarter 2024 financial results on Thursday, August 8, 2024, before the market opens. The company will host a live conference call at 8:30 am ET to discuss the results.

Investors can join the call via toll-free dial-in at +1-877-407-0613 or toll dial-in at +1-201-689-8051. A live webcast will be available on Shift4's investor relations website. Additionally, the earnings call will be simulcast on X Spaces (formerly Twitter). Investors are encouraged to submit questions in advance to investors@shift4.com, with CEO Jared Isaacman addressing selected queries during the call.

Shift4 (NYSE:FOUR) has been selected by the Minnesota Vikings to manage payments at U.S. Bank Stadium, including food and beverage concessions and ticketing transactions. This partnership aims to provide a seamless fan experience during home games by integrating Shift4's advanced payment technology. As part of this collaboration, Shift4's end-to-end payment solution will handle all commercial activities at the venue, enhancing the efficiency of transactions and improving the overall fan experience.

Shift4's technology is currently utilized by every major professional sports league, numerous colleges, entertainment venues, and other business sectors worldwide. This partnership represents a significant deployment of Shift4’s comprehensive suite of technologies in a high-profile sports setting.

Fans can expect faster and more convenient transactions for tickets, food, and beverages, ensuring they spend less time waiting and more time enjoying the game.

FEVO, a leading e-commerce company enabling friends to shop together online, has announced a partnership with Shift4, a global leader in payment processing. Shift4 will serve as FEVO's preferred payment processor for all music festivals and General Admission events. This partnership will enhance payment and checkout solutions for venue, touring, and festival clients through online transactions, mobile ordering, QR-code ticket sales, and on-site GA sales. FEVO supports over 800 brands in live entertainment across the US and Canada, and has commenced integrating Shift4 payment systems with its clients in 2024.