- Shift4 Payments Inc FOUR priced $550 million 0.50% senior convertible notes due 2027 in an upsized private institutional offering.
- Previously the offering was worth $500 million.
- The initial purchasers of the notes have a 13-day option to purchase additional notes up to $82.5 million, up from the previous $75 million.
- The initial conversion price of $122.66 per share represents a premium of 42.5% on Shift4 Payments' Wednesday closing price of $86.08.
- Additionally, the selling stockholders have determined not to pursue the previously announced proposed equity offering.
- Price action: FOUR shares traded higher by 4.79% at $90.2 in the premarket session on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
