Shift4 Payments, Inc. 8-K

What Happened
Shift4 Payments, Inc. (through its subsidiary Shift4 Payments, LLC) filed an 8‑K reporting Amendment No. 4 to its Second Amended and Restated First Lien Credit Agreement, effective July 8, 2026. The amendment (i) adds a $1.0 billion incremental senior secured term loan that is fungible with the existing Amendment No. 3 Refinancing Term Loans, (ii) extends the maturity date of the revolving credit facility to July 8, 2031, and (iii) makes other customary changes. Goldman Sachs Bank USA serves as Administrative Agent. Proceeds will cover transaction fees and general corporate purposes.

Key Details

• Effective date: July 8, 2026. Administrative Agent: Goldman Sachs Bank USA.
• $1.0 billion Amendment No. 4 Incremental Term Loans, with terms substantially identical to existing Amendment No. 3 Refinancing Term Loans.
• Post‑amendment outstanding borrowings (as of July 8, 2026): $1,995,006,250 of Amendment No. 3/4 Refinancing Term Loans; $0 outstanding on the Revolving Facility.
• Revolving credit facility maturity extended to July 8, 2031. Proceeds used for fees/expenses and general corporate purposes.

Why It Matters
This amendment increases Shift4’s secured term debt by $1.0B and raises total outstanding term borrowings to roughly $2.0B, while leaving the revolving facility undrawn. The extension of the revolver maturity to 2031 reduces near‑term refinancing timing pressure on the revolver. Investors should note the company is taking on additional secured indebtedness to fund transaction costs and general corporate needs; the filing also notes that representations in the amendment were made for limited purposes and benefit only certain parties. For full terms, see Exhibit 10.1 attached to the 8‑K.