GPN - What's Going On With Global Payments (GPN) Stock? | Benzinga
Global Payments Inc (NYSE:GPN) shares are trading lower by 1.7% to $131.96 Tuesday morning after the company said it plans to offer $1.75 billion in convertible senior notes due 2031, with an option for an additional $250 million.
These notes will accrue semi-annual interest and mature on March 1, 2031. Conversion conditions will apply until December 1, 2030, after which they’ll become freely convertible. Conversion can be in cash, common stock, or a mix, with terms to be set upon pricing. Redemption before March 6, 2028, is prohibited, but afterward is possible if stock price conditions are met.
The company will likely enter ...
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