Global Payments — Apr 17, 2025 release

Global Payments has obtained committed bridge financing and plans to issue $7.7 billion of debt between signing and closing which will be used to replace the bridge commitment and refinance Worldpay’s outstanding debt. GTCR will receive shares in Global Payments at a price of $97.00, representing approximately 15% of Global Payments’ outstanding shares on a pro forma basis.   4     At closing, Global Payments expects net leverage of approximately 3.5x and to retain investment grade ratings of BBB-/Baa3 Stable/BBB Stable. Global Payments expects to reduce leverage to 3.0x within 18 to 24 months.   Timing and Approvals   The transactions are subject to receipt of required regulatory approvals and other customary closing conditions and expected to close in the first half of 2026.   Preliminary First Quarter 2025 Results and Guidance Update   Global Payments is providing a preliminary preview of its financial results for the first quarter of 2025. Global Payments currently expects to report first quarter 2025 results consistent with the outlook it provided during its February 13 earnings call, including:   · Total company adjusted net revenue of $2,205 million, representing constant currency growth of over 5%, excluding dispositions, and adjusted operating margin expansion of approximately 70 basis points, or approximately 40 basis points excluding dispositions. · Merchant Solutions adjusted net revenue of $1,692 million, representing constant currency growth of approximately 6%, excluding dispositions. · Issuer Solutions adjusted net revenue of $529 million, representing constant c