Global Payments Inc (GPN)

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Global Payments Inc (GPN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	TECH	PRCD	GPN	Global Payments Inc	€800		1	USOA	Mar 8, 2023

Tranche #1Global Payments Inc

currency

EUR

size (m)

800.000

maturity

Mar 17, 2031

type

Fixed

tenor

8.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB-

fitch

BBB

size description

re-open/tap

ipt

MS+200 a

ipt-pxd

guidance

MS+175 a

spread

170

coupon

4.875%

spread set

price

99.67600

yield

4.925%

book size (m)

1,500

peak book (m)

x-covered

1.88

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,500

peak book (m)

x-covered

1.88

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

8 yr: Book size: 1500; First Pay: 2024-03-17; Redemption: 2031-01-17; Registration: SEC Registered; Comments: EUR800m 8yr bmk snr unsec SEC regd. Baa3/BBB-/BBB. BofA(Log)/JPM(B&D)/Barc. IPTs MS+200 area, guidance MS+175 area for 800m, launch MS+170. Final books ~1.5bn (peak ~1.9bn). DBR 0% 02/15/31 (81.3/ HR 103%) B+228.2. MWC: B+35. CoC: 101%. Par Call: 2m. LEI: 549300NOMHGVQBX6S778;

Use of Proceeds

M&A, refinancing and general corporate purposes

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