Paysafe Seeks to Raise $1B Via Senior Notes for Debt Refinancing

  • Paysafe Ltd PSFE plans to offer $1.026 billion senior secured notes due 2029 in an institutional offering via its indirect subsidiaries Paysafe Holdings (US) Corp and Paysafe Finance PLC.
  • Paysafe will utilize the offering proceeds along with new term loan proceeds to refinance certain existing obligations.
  • Paysafe's long-term debt stood at $2.1 billion as of Mar. 31, 2021.
  • Price action: PSFE shares traded higher by 3.75% at $12.72 in the premarket session on the last check Monday.
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