[8-K] GLOBAL PAYMENTS INC Reports Material Event
Global Payments Inc. entered into an underwriting agreement to issue and sell $1,750,000,000 4.500% Senior Notes due 2028, $1,700,000,000 4.875% Senior Notes due 2030, $1,000,000,000 5.200% Senior Notes due 2032, and $1,750,000,000 5.550% Senior Notes due 2035 in a public offering. The offering is expected to close on November 14, 2025, subject to customary conditions.
The notes are registered on a Form S-3 filed November 5, 2025, with terms described in a Rule 424(b)(5) final prospectus supplement. J.P. Morgan Securities, BofA Securities, and Barclays acted as representatives of the underwriters. The agreement includes customary representations, indemnification, and termination provisions.
- None.
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Insights
Large multi-tranche note issuance; administrative, neutral impact.
Global Payments disclosed a public offering across four senior note tranches, each with fixed coupons and staggered maturities from 2028 to 2035. The underwriting agreement is standard and supported by a Form S-3 and a Rule 424(b)(5) supplement.
The transaction lists coupons of
The company expects closing on
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Item 1.01. Entry into a Material Definitive Agreement.
On November 6, 2025, Global Payments Inc., a Georgia corporation (the “Company”), entered into an Underwriting Agreement (the “Underwriting Agreement”) with J.P. Morgan Securities LLC, BofA Securities, Inc. and Barclays Capital Inc. as representatives of the several underwriters named in Schedule I thereto (collectively, the “Underwriters”), pursuant to which the Company agreed to issue and sell, and the Underwriters agreed to purchase, subject to the terms and conditions set forth therein, $1,750,000,000 aggregate principal amount of the Company’s 4.500% Senior Notes due 2028 (the “2028 Notes”), $1,700,000,000 aggregate principal amount of the Company’s 4.875% Senior Notes due 2030 (the “2030 Notes”), $1,000,000,000 aggregate principal amount of the Company’s 5.200% Senior Notes due 2032 (the “2032 Notes”) and $1,750,000,000 aggregate principal amount of the Company’s 5.550% Senior Notes due 2035 (the “2035 Notes” and, together with the 2028 Notes, the 2030 Notes and the 2032 Notes, the “Notes”), in a public offering (the “Offering”). The Offering is expected to close on November 14, 2025, subject to the satisfaction of customary closing conditions.
The Underwriting Agreement contains customary representations, warranties and agreements of the Company, indemnification rights and obligations of the parties and termination provisions. The description of the Underwriting Agreement set forth above is qualified by reference to the Underwriting Agreement filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated herein by reference.
The Notes are registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a Registration Statement on Form S-3 (Registration No. 333-291270) (as the same may be amended or supplemented, the “Registration Statement”), that the Company filed with the Securities and Exchange Commission on November 5, 2025. The material terms of the Notes are described in the Company’s final prospectus supplement pursuant to Rule 424(b)(5) of the Securities Act, which relates to the offer and sale of the Notes and supplements the Company’s prospectus contained in the Registration Statement. The Company is also filing the Underwriting Agreement as part of this Current Report on Form 8-K for purposes of the Registration Statement.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The exhibits to this Current Report on Form 8-K are as follows:
INDEX TO EXHIBITS
| Exhibit Number |
Description | |
| 1.1 | Underwriting Agreement, dated November 6, 2025, among Global Payments Inc. and J.P. Morgan Securities LLC, BofA Securities, Inc. and Barclays Capital Inc. as representatives of the several underwriters named in Schedule I thereto. | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GLOBAL PAYMENTS INC. | ||
| Date: November 12, 2025 | By: | /s/ Dara Steele-Belkin |
| Dara Steele-Belkin | ||
| General Counsel and Corporate Secretary |
[Signature Page to Pricing 8-K]
