Shares of integrated payment processing and technology solutions provider Shift4 Payments, Inc. (FOUR) are climbing more than 7% Thursday morning at $59.90.
The company today said it has up sized and priced an offering of $600 million aggregate principal amount of 0.00% convertible senior notes due 2025. The new offering compares with $400 million announced earlier.
The issuance and sale of the Notes are scheduled to settle on December 7, 2020.
On November 30, the company had announced that certain shareholders of the company intended to sell 8 million Class A common stock of the company, for which Shift4 would not receive any proceeds.
FOUR has traded in the range of $30- $65.4 in the last one year.
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