Shift4 (FOUR) Amends $100M Settlement Line; Effective 9/29/2025

Shift4 Payments, Inc. disclosed an amendment to a Settlement Line Credit Agreement for its wholly owned operating subsidiary, Shift4 LLC (also referenced as Shift4 Payments, LLC).

Rhea-AI Filing Summary

Shift4 Payments, Inc. disclosed an amendment to a Settlement Line Credit Agreement for its wholly owned operating subsidiary, Shift4 LLC (also referenced as Shift4 Payments, LLC). The Amendment modifies the existing settlement line that provides up to $100.0 million of aggregate availability to support settlement obligations. The Amendment became effective upon satisfying customary conditions, with an effective date of September 29, 2025. The transaction updates the prior agreement originally dated September 30, 2024, and is documented in an Amendment dated September 26, 2025. This change preserves the company’s access to short‑term settlement liquidity through its banking counterparty, Citizens Bank, N.A.

Positive

• $100.0 million settlement line remains available to support daily settlement obligations
• Amendment became effective upon satisfaction of customary conditions, indicating lender approval
• Continuity of the facility with Citizens Bank, N.A. preserves operational liquidity options

Negative

• None.

Insights

Corporate Treasury Analyst

Maintains known settlement liquidity with a $100.0M facility.

The Amendment keeps the existing $100.0 million settlement line available to Shift4, which supports daily payment settlement flows and reduces operational liquidity risk. For a payments processor, preserving such a facility is directly tied to its ability to meet clearing and settlement obligations without tapping more expensive alternatives.

The fact that customary conditions were satisfied and the amendment is effective indicates ongoing lender support from Citizens Bank, N.A.. There are no disclosed changes to the aggregate size in the provided text, so immediate liquidity capacity appears unchanged.

Financial Operations Specialist

Operational impact is continuity rather than expansion.

The document shows a contractual update rather than a new financing increase; the $100.0 million cap is described as the original aggregate available amount. That suggests the amendment likely adjusts terms or administrative provisions rather than materially expanding liquidity.

Because no pricing, maturity, covenants, or fee changes are disclosed, material economic effects are not evident from the text provided.

8-K Event Classification

2 items: 1.01, 2.03

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

FAQ

What did Shift4 (FOUR) disclose in the 8-K about its settlement line?

The company disclosed an Amendment to its Settlement Line Credit Agreement that maintains an aggregate available settlement line of $100.0 million for its subsidiary.

Who is the lender on the amended settlement line for Shift4?

The lender is Citizens Bank, N.A., which remains the counterparty under the amended agreement.

When did the Amendment to the Settlement Line become effective?

The Amendment became effective upon satisfaction of customary conditions, with an effective date of September 29, 2025.

Does the filing state the settlement line size for Shift4?

Yes. The filing states an original aggregate available amount of up to $100.0 million for the Settlement Line.

Did the filing disclose changes to pricing, covenants, or maturity?

No. The provided text does not disclose any details about pricing, covenant changes, maturity dates, or fees.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/30/2025 - 04:07 PM Learn about SEC filing dates

false 0001794669 0001794669 2025-09-26 2025-09-26 0001794669 us-gaap:CommonStockMember 2025-09-26 2025-09-26 0001794669 us-gaap:SeriesAPreferredStockMember 2025-09-26 2025-09-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

September 26, 2025

Date of Report (date of earliest event reported)

SHIFT4 PAYMENTS, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-39313		84-3676340
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

3501 Corporate Pkwy

Center Valley, PA 18034

(Address of principal executive offices) (Zip Code)

(888) 276-2108

(Registrant’s telephone number, including area code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Class A common stock, par value $0.0001		FOUR		The New York Stock Exchange
6.00% Series A Mandatory Convertible Preferred Stock, par value $0.0001 per share		FOUR.PRA		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On September 26, 2025, Shift4 Payments, LLC (“Shift4 LLC”), a wholly owned subsidiary of Shift4 Payments, Inc. (the “Company”), entered into Amendment No. 1 to Settlement Line Credit Agreement (the “Amendment”) with Citizens Bank, N.A. (“Citizens”). The Amendment amends that certain Settlement Line Credit Agreement, dated as of September 30, 2024 (as previously disclosed in the Company’s Current Report on Form 8-K filed on October 4, 2024) (the “Settlement Line Agreement”), by and between Shift4 LLC, as borrower, and Citizens, as lender, providing for a settlement line of credit (the “Settlement Line”) with an original aggregate available amount of up to $100.0 million. The Amendment became effective on September 29, 2025 (the “Effective Date”) upon satisfaction of customary conditions precedent.

The Amendment, among other things, amends the Settlement Line Agreement as of the Effective Date, including without limitation to (i) extend the scheduled maturity date of the Settlement Line to September 28, 2026, subject to further extensions under certain circumstances as described therein, (ii) increase the aggregate amount available under the Settlement Line by $25.0 million, to an aggregate available amount of up to $125.0 million, and (iii) to amend certain other terms and provisions of the Settlement Line Agreement, in each case as set forth therein.

Except as amended by the Amendment, the material terms of the Settlement Line Agreement, including the guarantee and collateral provisions, remain in effect.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8 K and incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1*		Amendment No. 1 to Settlement Line Credit Agreement, dated as of September 26, 2025, by and between Shift4 Payments, LLC, as the borrower, and Citizens Bank N.A., as the lender
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Schedules (and/or similar attachments) to this exhibit have been omitted pursuant to Regulation S-K, Item 601(a)(5). The Company undertakes to furnish supplemental copies of any of the omitted schedules or similar attachments upon request by the Securities and Exchange Commission.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 30, 2025

SHIFT4 PAYMENTS, INC.
By:		/s/ Jordan Frankel
Name:		Jordan Frankel
Title:		Chief Legal Officer and Secretary