Shift4 Payments Inc Stock Price, News & Analysis

Shift4 Payments, , a subsidiary of Shift4 Payments, Inc. (NYSE: FOUR), has successfully refinanced its existing revolving credit facility. The new facility, completed on September 5, 2024, provides a $450 million senior secured revolving credit facility, with $112.5 million available for letters of credit. This refinancing, arranged with Goldman Sachs Bank USA as the administrative agent, replaces the previous facility from January 2021.

The new facility offers more flexibility for Shift4's global growth plans. It bears interest at either a term SOFR rate plus 2.00% or an alternate base rate plus 1.00%. The facility is set to mature on September 5, 2029, and was undrawn at closing.

Shift4 (NYSE: FOUR) has partnered with Jon Taffer, star of Bar Rescue, to launch the SkyTab Rescue Mission contest. This initiative offers $100,000 in total prize money to support restaurants in need. Five winners will each receive a $20,000 business grant, a one-on-one consultation with Jon Taffer, and a complete SkyTab POS system.

The contest, an expansion of last year's successful initiative, aims to help small businesses thrive. SkyTab POS is an all-in-one technology platform offering integrated online ordering, reservations, contactless payments, marketing tools, and comprehensive reporting. Restaurant owners can apply until October 14th, 2024, by submitting a short video explaining their need for a Rescue Mission and planned use of the grant funds.

Shift4 (NYSE:FOUR), a leader in integrated payments and commerce technology, has signed a definitive agreement to acquire Givex Corp. (TSX: GIVX), a global provider of gift cards, loyalty programs, and point-of-sale solutions. The acquisition will add 130,000+ active locations across more than 100 countries to Shift4's customer base, including notable brands like Nike, Marriott, and Wendy's.

The transaction is expected to close in Q4 2024, subject to customary conditions. Shift4 President Taylor Lauber highlighted the strategic benefits, including expanding Shift4's global footprint and enhancing its value proposition with Givex's gift card and loyalty solutions. Givex CEO Don Gray emphasized the potential for delivering an unparalleled package to both companies' customer bases by combining Shift4's end-to-end payment solution with Givex's engagement services.

Shift4 Payments has agreed to acquire Givex Corp. in an all-cash transaction valued at C$200 million. Givex shareholders will receive C$1.50 per share, representing a 64% premium to Givex's 20-day VWAP. The transaction has been unanimously approved by Givex's Board and Special Committee. Key highlights include:

• All-cash offer providing immediate liquidity and certainty of value
• 57.4% of Givex shareholders support the deal
• Expected to close in November 2024
• Givex will be delisted from TSX post-closing

The acquisition aims to combine Shift4's payment solutions with Givex's gift card and loyalty programs, expanding customer bases and enhancing value propositions for both companies.

Shift4 (NYSE:FOUR), a leader in integrated payments and commerce technology, has partnered with the Indianapolis Colts to power the NFL team's ticketing transactions at Lucas Oil Stadium starting in the 2024 season. The partnership will leverage Shift4's integration with Ticketmaster to provide a seamless ticket-buying experience for fans.

Shift4's suite of payment processing solutions aims to simplify operations for venues while enhancing customer experience. The company's integrated commerce solutions are used across major professional sports leagues, colleges, entertainment venues, and various business verticals. This partnership aligns with the Colts' goal of creating a world-class experience for fans from ticket purchase to post-game exit.

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.