The Firm represented the initial purchasers, led by Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc., in connection with the offering by Shift4 Payments, Inc. (“Shift4 Payments”), of $690 million aggregate principal amount of 0% Convertible Senior Notes due 2025. The net proceeds from the offering will be used for general corporate purposes. The offering of the Convertible Senior Notes was upsized from the originally announced size of $400 million.
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, Lia Toback, 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); Jennifer Nadborny (PCAP); and Melanie Jolson (IP).