Filed Pursuant to Rule 433
Registration Statement No. 333-232933
February 19, 2021
Global Payments Inc.
$1,100,000,000 1.200% Senior Notes Due 2026
Pricing Term Sheet
| Issuer: | Global Payments Inc. | |
| Principal Amount: | $1,100,000,000 | |
| Maturity Date: | March 1, 2026 | |
| Interest Payment Dates: | March 1 and September 1 of each year, beginning September 1, 2021 | |
| Benchmark Treasury: | 0.375% UST due January 31, 2026 | |
| Benchmark Treasury Price / Yield: | 98-303⁄4 / 0.589% | |
| Spread to Benchmark Treasury: | T+63 bps | |
| Yield to Maturity: | 1.219% | |
| Coupon: | 1.200% | |
| Price to Public: | 99.908% of the principal amount | |
| Optional Redemption: | At any time prior to February 1, 2026 make-whole call as set forth in the preliminary prospectus supplement (T+10 bps).
At any time on or after February 1, 2026, at 100% of the principal amount plus accrued and unpaid interest thereon to, but excluding, the redemption date as set forth in the preliminary prospectus supplement. | |
| Minimum Denominations: | $2,000 and any integral multiple of $1,000 in excess thereof. | |
| Net Proceeds (before expenses): | $1,092,388,000 | |
| Format: | SEC Registered | |
| Trade Date: | February 19, 2021 | |
| Settlement Date (T+5): | February 26, 2021 | |
| Joint Book-Running Managers: | BofA Securities, Inc. J.P. Morgan Securities LLC Barclays Capital Inc. Capital One Securities, Inc. MUFG Securities Americas Inc. PNC Capital Markets LLC Truist Securities, Inc. TD Securities (USA) LLC Wells Fargo Securities, LLC | |
| Senior Co-Manager: | Fifth Third Securities, Inc. | |
| Co-Managers: | U.S. Bancorp Investments, Inc. BMO Capital Markets Corp. HSBC Securities (USA) Inc. Regions Securities LLC CIBC World Markets Corp. Mizuho Securities USA LLC Synovus Securities, Inc. Citizens Capital Markets, Inc. Scotia Capital (USA) Inc. | |
| CUSIP / ISIN: | 37940X AE2 / US37940XAE22 | |
The Issuer has filed a Registration Statement (including a prospectus) (File No. 333-232933) and a preliminary prospectus supplement with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement for the offering to which this communication relates and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting the SEC’s website at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement if you request them by contacting: BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department (email: dg.prospectus_requests@bofa.com; telephone number: 1-800-294-1322); or J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor (telephone number: (212) 834-4533). You are advised to obtain a copy of the prospectus and related prospectus supplement for the offering to which this communication relates and to carefully review the information contained or incorporated by reference therein before making any investment decision.
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