Global Payments Announces New $600M Credit Facility Agreement

Global Payments Inc. GPN announced today the closing of a five-year, $600 million revolving credit agreement with a syndicate of financial institutions. The revolver agreement expires in December 2015 and carries a short-term variable interest rate plus a leverage-based margin. In addition, the agreement allows the company to expand the facility size to $750 million by requesting additional commitments from existing or new lenders.