Shift4 enters amended, restated first-lien credit agreement

By Taylor Fox

New York, Feb. 2 – Shift4 Payments, Inc.’s wholly owned subsidiary, Shift4Payments, LLC, entered into an amended and restated first-lien credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

The agreement provides for $100 million of commitments from the lenders, initially comprised of a $100 million facility available for revolving loans.

Also, $25 million of the revolving loan facility is available for letters of credit.

The facilities established by the agreement are scheduled to mature on Jan. 29, 2026 or, if greater than $150 million of Shift4 LLC’s convertible notes remains outstanding on Sept. 15, 2025.

The agreement includes procedures for additional financial institutions to become lenders, or for any existing lender to increase its commitment under either the revolving loan facility or to provide an additional commitment under a term loan facility.

The agreement amends and restates in its entirety the existing agreement entered into on Nov. 30, 2017.

Credit Suisse AG, Cayman Islands Branch is the administrative agent and issuing bank.

Shift4 Payments is an Allentown, Pa.-based integrated payment processing company.

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