Global Payments Inc. (GPN, Financial), a leading payment technology company, has entered into significant transaction agreements with Fidelity National Information Services, Inc. (FIS) and GTCR LLC. The agreements, announced on April 17, 2025, involve the divestiture of Global Payments' Issuer Solutions business to FIS and the acquisition of Worldpay from FIS and GTCR.
Under the terms of the agreements, Global Payments will sell its Issuer Solutions Business to FIS in exchange for FIS's interest in Worldpay, along with a cash adjustment. The transaction values the Issuer Solutions Business at $13.5 billion and Worldpay at $24.25 billion, subject to customary adjustments. Additionally, Global Payments will issue 43,268,041 new shares of its common stock as part of the acquisition of Worldpay.
The completion of these transactions is contingent upon regulatory approvals in the United States and other jurisdictions, as well as the fulfillment of customary closing conditions. The transactions are expected to close in the first half of 2026.
As a result of these transactions, GTCR is anticipated to hold approximately 15% of Global Payments' outstanding shares. A shareholders agreement will be established, imposing a lock-up period on the transfer of these shares, with phased releases over an 18-month period post-closing.
Global Payments has also secured a commitment for a $7.7 billion senior unsecured bridge loan facility from JPMorgan Chase Bank, N.A., to support the transactions.
This strategic move is poised to enhance Global Payments' market position by expanding its capabilities and reach in the payment technology sector.
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