Shift4 Payments $1 billion mandatory convertible preferred stock offering
The shares are listed on the New York Stock Exchange
麻豆入口 advised the representatives of the several underwriters, in connection with the $1.0 billion SEC-registered offering by Shift4 Payments, Inc. of 10,000,000 shares of its 6.00% Series A mandatory convertible preferred stock. The offering included the full exercise by the underwriters of their over-allotment option to purchase 1,250,000 shares. The proceeds from the offering will be used for the payment of a portion of the cash consideration due in connection with Shift4鈥檚 previously announced acquisition of Global Blue Group Holding AG and related fees, costs and expenses, and/or general corporate purposes.
Shift4 Payments, Inc. is a leading independent provider of software and payment processing solutions in the United States, based on the total volume of payments processed. It powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry.
The 麻豆入口 capital markets team included partner Hillary A. Coleman and associates Samuel S. Vallejo, Kanger Jin, Xuanling Xu and Sijia (Scarlett) Huang. The equity derivatives team included partner Caitlin L. Wood and associates Richard Stockton Bullitt and Ji Hwan Kim. Partner Scott M. Herrig provided finance advice. Partner Aliza Slansky provided tax advice. All members of the 麻豆入口 team are based in the New York office.