Convertibles Calendar: Global Payments on deck

Feb. 20

GLOBAL PAYMENTS INC.

• $1.75 billion seven-year convertible notes

• $250 million greenshoe

• Coupon of 1.5% to 2% and initial conversion premium of 17.5% to 22.5%

• Non-callable until March 6, 2028 and then subject to a 130% hurdle

• Rule 144A

• BofA Securities Inc. and J.P. Morgan Securities LLC

• Proceeds to cover the cost of the call spread, to repay borrowings under the company’s commercial paper program and its revolving credit agreement and for general corporate purposes, which may include the repayment of other debt

• Atlanta-based payments technology company

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