8-K

GLOBAL PAYMENTS INC.

Date: November 17, 2021

/s/ Paul M. Todd

Paul M. Todd

Senior Executive Vice President and Chief Financial Officer

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 16, 2021

Commission file number 001-16111

LOGO

Global Payments Inc.

(Exact name of registrant as specified in charter)


Georgia		58-2567903
(State or other jurisdiction of incorporation)		(I.R.S. Employer Identification No.)


3550 Lenox Road, Atlanta, Georgia		30326
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (770) 829-8000

None

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol

Name of exchange

on which registered

Common stock, no par value

GPN

New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2b under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On November 16, 2021, Global Payments Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters listed therein (the “Underwriters”), pursuant to which the Company agreed to sell, and the Underwriters agreed to purchase, subject to the terms and conditions set forth therein, $500 million aggregate principal amount of the Company’s 1.500% Senior Notes due 2024, $750 million aggregate principal amount of the Company’s 2.150% Senior Notes due 2027 and $750 million aggregate principal amount of the Company’s 2.900% Senior Notes due 2031 (collectively the “Notes”). The issuance and sale of the Notes is expected to close on November 22, 2021, subject to customary closing conditions.

The Underwriting Agreement contains customary representations, warranties and covenants concerning the Company and the Company’s Registration Statement on Form S-3 (Registration No. 333-232933) (as the same may be amended or supplemented, the “Registration Statement”), indemnification rights and obligations of the parties with respect to certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”), and termination provisions.

The Notes are registered under the Securities Act, pursuant to the Registration Statement that the Company filed with the Securities and Exchange Commission (the “Commission”) on August 1, 2019. The material terms of the Notes will be described in the Company’s final prospectus supplement pursuant to Rule 424(b)(5) of the Securities Act, which relates to the offer and sale of the Notes and supplements the Company’s prospectus, as filed with the Commission on August 1, 2019, contained in the Registration Statement. The Company is also filing the Underwriting Agreement as part of this Current Report on Form 8-K (this “Report”) for purposes of such Registration Statement.

The description of the Underwriting Agreement set forth above is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 to this Report and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.


Exhibit Number		Description

1.1		Underwriting Agreement, dated November 16, 2021, among the Company, BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters listed therein.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).