Global Payments to sell senior notes in three tranches

By Devika Patel

Knoxville, Tenn., Aug. 7 – Global Payments Inc. is expected to price a three-tranche offering of dollar-denominated 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 for the company’s planned merger with Total System Services, Inc.

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

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