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Simpson Thacher Represents Initial Purchasers in $450 Million Debut Senior Notes Offering by Shift4 Payments

11.18.20

The Firm represented the initial purchasers, led by Credit Suisse Securities (USA) LLC, in connection with the offering by Shift4 Payments, LLC and Shift4 Payments Finance Sub, Inc., subsidiaries of Shift4 Payments, Inc. (“Shift4 Payments”),of $450 million aggregate principal amount of 4.625% Senior Notes due 2026. The net proceeds from the notes offering, together with cash on hand, were used to repay all outstanding borrowings under the existing First Lien Term Loan Facility.

Shift4 Payments is a leading independent provider of integrated payment processing and technology solutions, delivering a complete ecosystem of solutions that extend beyond payments to include a wide range of value-added services. The company’s technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, e-commerce, lodging, gaming, and many more. With over 7,000 sales partners, the company securely processed more than 3.5 billion transactions annually for over 200,000 businesses in 2019.

The Simpson Thacher team for this transaction included Richard Fenyes, Ben Heriaud and Jason Kitchen (Capital Markets); Andrew Purcell and Jasmine Hay (Tax); Tristan Brown and Ashlie Lawton (Executive Compensation and Employee Benefits); Andrew Pagliughi (FINRA & Blue Sky); Mike Isby (Environmental); Adam Cohen and Spencer Sloan (Financial Institutions); and Melanie Jolson (IP).