Global Payments Closes on $850 Million Financing Agreements; Will Use Proceeds to Repay Debt, Buybacks
Global Payments Inc. (NYSE: GPN), a leading worldwide provider of electronic transaction processing solutions, announced today the closing of a new five-year senior unsecured term loan facility of $700 million and a $150 million increase to its existing $600 million senior unsecured revolving credit facility arranged by Bank of America Merrill Lynch, PNC Capital Markets and Regions Capital Markets.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.