Global Payments intends to sell offering of fixed-rate senior notes

By Devika Patel

Knoxville, Tenn., May 7 – Global Payments Inc. is expected to issue fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

The bookrunners are BofA Securities, Inc. and J.P. Morgan Securities LLC.

Proceeds will be used to repay debt under the company’s revolving credit facility and for general corporate purposes.

Global Payments is an Atlanta-based provider of payment technology services.

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