Shift4 Payments, Inc., a leading independent provider of integrated payment processing and technology solutions, today announced that it intends to offer 1,791,818 shares of its Class A common stock for sale in an underwritten public offering (the “Primary Offering”). Certain entities associated with Searchlight Capital Partners, L.P. (the “selling stockholders”) also intend to offer 5,208,182 shares of Shift4’s Class A common stock for sale in the offering (the “Secondary Offering” and, together with the Primary Offering, the “Offering”). Shift4 also intends to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of Shift4’s Class A common stock.
Shift4 intends to use its net proceeds from the Primary Offering to purchase LLC interests directly from Shift4 Payments, LLC at a price per unit equal to the public offering price per share of the Class A common stock in this offering less the underwriting discount and commissions. Shift4 Payments, LLC intends to use the net proceeds it receives from the sale of LLC interests to Shift4 for general corporate purposes, which may include acquisitions or investments. Shift4 will not receive any proceeds from the sale of shares by the selling stockholders.
Goldman Sachs & Co. LLC, Credit Suisse and Citigroup are serving as joint active bookrunners.
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