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by Stephen Carter
Dec 03, 2025 8:05 AM ET
Shift4 Payments LLC/Shift4 Payments Finance Sub Inc (FOUR) EUR435m 144A/Reg S add-on to its 5.50% sr notes due 05/15/33 (7.5y). NC2.5 (05/15/28) (MWC B+50bp), then at 102.75, 101.375, 100. Equity claw: 2.5y 40% at 105.50. (Existing Ba3)/BB-/BB (--/stable/stable). Via GS (B&D) physical books/Barc/Citi/Citizens/Santander/WFS jt books. No reg rights. List ISE. NY law. CoC at 101. Immediately 144A fungible (Reg S after 40 days) with the existing EUR680m issue priced 05/08/25. 144A ISIN: XS3068797078. IPT: 102.00-102.50.
Price talk: 102.50.
Did investor call at 2pm UKT 12/02. Books close at 3pm UKT 12/03. Pricing 12/03 UK afternoon. UOP: GCP, including repayment of debt, strategic acquisitions, growth initiatives, and the potential repurchase of outstanding shares of their common stock pursuant to their stock repurchase program. Shift4 is also repricing its existing $1bn term loan B. Biz: a leading independent provider of integrated payment processing and technology products and services. HQ: Center Valley, PA.
DealRoadshow direct link: https://urldefense.com/v3/__https:/dealroadshow.com/e/Shift4-2025__;!!O2kDR7mm-zSJ!t_Dls9bfoJjNp3Ur7qUxvANGsDoNTIRVDVK0FY9MisHPY0pqhGH7jyPlNqB_MniIKCwBm1vCV1ehhKot55B_JV1A26g$. Entry code: Shift4-2025.