Global
Payments

Global Payments is a leading provider of electronic transaction processing, information systems and services to the financial, corporate, government and merchant communities worldwide.

Transaction Terms

ASR Size

$600MM

OMR

Up to $100MM concurrent

Announcement

Concurrent with earnings and sale of AdvancedMD, Inc. to Francisco Partners

Date

October 2024

Situation Overview

The largest ASR
in company history

Despite having previously executed accelerated share repurchases without an advisor, Global Payments engaged HudsonWest as its financial advisor for a third time for its largest-ever ASR, announced concurrently with earnings and the sale of AdvancedMD, Inc. to Francisco Partners.

HudsonWest’s Role

Coordinating a meaningful return
of capital to shareholders

Competitive Auction

HudsonWest assisted with the bidding process among Global Payments' key relationship banks, helping ensure the company obtained the most competitive price despite a compressed schedule.

Timing Navigation

HudsonWest worked through various proposals to address the timing of the ASR around the company's earnings release and the US elections, with implications for volatility and liquidity metrics.

Concurrent OMR

HudsonWest also helped structure a concurrent Open Market Repurchase program for up to $100MM, providing Global Payments with additional flexibility to repurchase shares in the open market.

Execution Coordination

HudsonWest helped coordinate the documentation and execution process, ensuring Global Payments met its announcement timing objectives alongside the earnings release and asset sale.

GlobalPayments

The largest ASRin company history

Coordinating a meaningful returnof capital to shareholders

Let's start aconversation.

Global
Payments

The largest ASR
in company history

Coordinating a meaningful return
of capital to shareholders

Let's start a
conversation.