Shift4 Payments solicits consents for 4 5/8% notes due 2026

Chicago, March 11 – Shift4 Payments, LLC and Shift4 Payments Finance Sub, Inc. started a consent solicitation for their $450 million 4 5/8% senior notes due 2026, according to a press release.

The record date is March 10.

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

The consent solicitation will expire at 5 p.m. ET on March 17.

To effect the proposed amendment, consents from holders representing a majority of the notes must be received.

If the company receives the required consents and enters into a supplemental indenture, which may occur before the expiration date, 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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