AI English summary of an SEC filing — figures as filed

The company entered into two transaction agreements to divest its Issuer Solutions Business to FIS and acquire Worldpay from FIS and GTCR, as of April 17, 2025. The two transactions are set to close on the same day, and the company said it expects the closing in the first half of 2026.

8-KEntry into a Material Definitive AgreementFiled Apr 21, 2025Period of report Apr 17, 2025Summary published (UTC) Oct 15, 2026

Key points

AI summary

The company entered into two transaction agreements to divest its Issuer Solutions Business to FIS and acquire Worldpay from FIS and GTCR, as of April 17, 2025. The two transactions are set to close on the same day, and the company said it expects the closing in the first half of 2026.
The company said the enterprise value of the Issuer Solutions business is $13.5 billion and the enterprise value of Worldpay is $24.25 billion, subject to cash, debt and working capital adjustments as of closing. The stock consideration consists of 43,268,041 newly issued shares, valued at $4,197,000,000 ($97.00 per share).
The company said closing depends on regulatory approvals, including under the Hart-Scott-Rodino Antitrust Improvements Act, from the Directorate General for Competition of the European Commission and the U.K. Competition and Markets Authority, and on completion of pre-closing restructurings. If the deal has not closed by April 16, 2026, either party may terminate, and the deadline is automatically extended twice by 6 months each under certain conditions. The company said the agreements do not provide for termination fees.
The company said GTCR is expected to hold about 15% of Global Payments' outstanding shares at closing. Under the lock-up, 35% of the stock consideration will be released 12 months after closing, an additional 15% after 15 months, and the remainder after 18 months. Global Payments also entered into a commitment letter with JPMorgan Chase Bank, N.A. for a senior unsecured bridge loan facility of up to $7.7 billion with a term of 364-day days.

Summary

AI-written

Analysis scope · Filing body only (exhibits excluded)We analyzed the filing body only. The exhibits exceeded the length limit and were excluded, so figures, financial statements and presentation materials in them were not reviewed.

Divestiture of Issuer Solutions Business and Worldpay acquisition agreements

The company entered into two transaction agreements to divest its Issuer Solutions Business to FIS and acquire Worldpay from FIS and GTCR, as of April 17, 2025. The two transactions are set to close on the same day, and the company said it expects the closing in the first half of 2026.

Source · Based on the filing body (exhibits excluded)

Enterprise valuation basis and stock consideration to GTCR

The company said the enterprise value of the Issuer Solutions business is $13.5 billion and the enterprise value of Worldpay is $24.25 billion, subject to cash, debt and working capital adjustments as of closing. The stock consideration consists of 43,268,041 newly issued shares, valued at $4,197,000,000 ($97.00 per share).

Source · Based on the filing body (exhibits excluded)

Closing conditions and termination deadline

The company said closing depends on regulatory approvals, including under the Hart-Scott-Rodino Antitrust Improvements Act, from the Directorate General for Competition of the European Commission and the U.K. Competition and Markets Authority, and on completion of pre-closing restructurings. If the deal has not closed by April 16, 2026, either party may terminate, and the deadline is automatically extended twice by 6 months each under certain conditions. The company said the agreements do not provide for termination fees.

Source · Based on the filing body (exhibits excluded)

GTCR stake, lock-up and bridge loan commitment

The company said GTCR is expected to hold about 15% of Global Payments' outstanding shares at closing. Under the lock-up, 35% of the stock consideration will be released 12 months after closing, an additional 15% after 15 months, and the remainder after 18 months. Global Payments also entered into a commitment letter with JPMorgan Chase Bank, N.A. for a senior unsecured bridge loan facility of up to $7.7 billion with a term of 364-day days.

Source · Based on the filing body (exhibits excluded)

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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