Global Payments to borrow from credit facility to acquire Active

By Sarah Lizee

Olympia, Wash., Aug. 3 – Global Payments Inc. announced that it plans to use borrowings under its existing credit facility to fund the approximately $1.2 billion acquisition of the communities and sports divisions of Active Network from Vista Equity Partners.

Vista will receive $600 million of Global Payments stock and $600 million in cash funded by the company’s credit facility and cash on hand.

The transaction is expected to close in the fourth quarter of 2017.

Global Payments is an Atlanta-based provider of payment technology services. Active Network is a Dallas-based provider of activity and participant management solutions for event and activity organizers.

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