Global Payments (NYSE: GPN) plans $1B senior notes sale maturing 2028 and 2033
Rhea-AI Filing Summary
Global Payments Inc. entered into an underwriting agreement to issue and sell $500,000,000 of 4.550% Senior Notes due 2028 and $500,000,000 of 5.400% Senior Notes due 2033 in a public offering. The deal is with Barclays Capital, BofA Securities and J.P. Morgan as representatives of the underwriters.
The offering is expected to close on March 12, 2026, subject to customary conditions. These notes are being issued under an existing shelf registration on Form S-3, with detailed terms set out in a final prospectus supplement filed under Rule 424(b)(5).
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Insights
Global Payments plans a $1B senior notes issuance under its shelf.
Global Payments has agreed to sell two tranches of senior notes, each for $500,000,000, maturing in 2028 and 2033 with coupons of 4.550% and 5.400%. The notes are sold via a syndicated underwriting led by Barclays Capital, BofA Securities and J.P. Morgan.
The issuance relies on an existing Form S-3 shelf registration, with final terms detailed in a Rule 424(b)(5) prospectus supplement. This structure allows standardized documentation and broad distribution through public markets, while locking in fixed-rate funding for medium- and long-term maturities.
The excerpt does not state intended use of proceeds, so the net effect on leverage and liquidity will be clearer once those details are reviewed alongside future financial statements. Closing is expected on March 12, 2026, subject to customary conditions and completion of the underwriting process.
8-K Event Classification
FAQ
What did Global Payments (GPN) announce regarding new senior notes?
What are the interest rates and maturities of Global Payments’ new notes?
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Under what registration has Global Payments registered these senior notes?
Who are the underwriters for Global Payments’ new senior notes issuance?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 1.01. Entry into a Material Definitive Agreement.
On March 5, 2026, Global Payments Inc., a Georgia corporation (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Barclays Capital Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC, 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, $500,000,000 aggregate principal amount of the Company’s 4.550% Senior Notes due 2028 (the “2028 Notes”) and $500,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2033 (the “2033 Notes” and, together with the 2028 Notes, the “Notes”), in a public offering (the “Offering”). The Offering is expected to close on March 12, 2026, 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
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Exhibit Number |
Description | |
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1.1
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Underwriting Agreement dated, March 5, 2026, among Global Payments Inc. and Barclays Capital Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC 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: March 11, 2026 | By: | /s/ Dara Steele-Belkin |
| Dara Steele-Belkin | ||
| General Counsel and Corporate Secretary | ||