Shift4 Payments secures consents to amend 4 5/8% notes due 2026

By Wendy Van Sickle

Columbus, Ohio, March 17 – Shift4 Payments, LLC and Shift4 Payments Finance Sub, Inc. received the requisite consents under the solicitation related to their $450 million 4 5/8% senior notes due 2026, according to a press release.

The solicitation was announced on March 11 and expired at 5 p.m. ET on March 17.

The record date was March 10.

The company was asking holders to amend the indenture to allow for the repurchase of capital stock as part of the 5% market capitalization currently included.

To effect the proposed amendment, consents from holders representing a majority of the notes had to be received. The amendment has now been effected, according to Thursday’s news release.

The company will pay a consent fee of $10 per $1,000 principal amount of consenting note.

The information, tabulation and paying agent is Ipreo LLC (888 593-9546, ipreo-consentSolicitation@ihsmarkit.com).

The solicitation agent is Credit Suisse Securities (USA) LLC (800 820-1653, americas.lm@credit-suisse.com).

Shift4Payments is an Allentown, Pa., independent provider of integrated payment processing and technology solutions.

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