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Last €96.40 EUR
Change Today +1.49 / 1.57%
Volume 0.0
GLO On Other Exchanges
Symbol
Exchange
New York
As of 3:08 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

global payments inc (GLO) Snapshot

Open
€95.83
Previous Close
€94.91
Day High
€99.20
Day Low
€95.83
52 Week High
08/19/15 - €106.16
52 Week Low
09/24/14 - €53.87
Market Cap
6.3B
Average Volume 10 Days
95.6
EPS TTM
--
Shares Outstanding
65.1M
EX-Date
08/12/15
P/E TM
--
Dividend
€0.08
Dividend Yield
0.07%
Current Stock Chart for GLOBAL PAYMENTS INC (GLO)

global payments inc (GLO) Related Businessweek News

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global payments inc (GLO) Details

Global Payments Inc. provides payment solutions for credit cards, debit cards, electronic payments, and check-related services. It operates in two segments, North America Merchant Services and International Merchant Services. The company’s services include terminal sales and deployment, authorization processing, settlement and funding processing, customer support and help-desk functions, chargeback resolution, industry compliance, payment card industry security, consolidated billing and statements, and online reporting. It offers credit and debit card transaction processing services for various international card brands, including American Express, UnionPay International, Discover Card, JCB, MasterCard, and Visa; and non-traditional payment methods, as well as for certain domestic debit networks, such as Interac in Canada. The company also offers Realex Payments, a European online payment gateway technology. It serves customers in various industries, including financial services, gaming, government, health care, professional services, restaurants, retail, universities, nonprofit organizations, and utilities. The company markets its products and services through direct sales force, trade associations, integrated payment solution channels, agent and enterprise software providers, value-added resellers referral arrangements, financial institutions, and independent sales organizations, as well as proprietary telesales groups in North America, Europe, the Asia-Pacific region, and Brazil. Global Payments Inc. was founded in 1967 and is headquartered in Atlanta, Georgia.

4,438 Employees
Last Reported Date: 07/30/15
Founded in 1967

global payments inc (GLO) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.1M
President and Chief Operating Officer
Total Annual Compensation: $845.0K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $350.2K
Chief Human Resources Officer and Executive V...
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2014.

global payments inc (GLO) Key Developments

Global Payments Inc. Announces Second Amended and Restated Term Loan Agreement and Second Amended and Restated Credit Agreement with Bank of America, N.A

On July 31, 2015, Global Payments Inc. and certain wholly owned subsidiaries of the company, as borrowers, entered into a Second Amended and Restated Term Loan Agreement and a Second Amended and Restated Credit Agreement, each with Bank of America, N.A, as administrative agent, and a syndicate of financial institutions, as lenders and other agents. The Term Loan Agreement and the Revolving Credit Facility Agreement amended and restated the Company's prior term loan agreement and revolving credit facility agreement, each dated February 28, 2014. The Term Loan Agreement provides for a five-year senior unsecured $1.75 billion term loan facility, and the Revolving Credit Facility Agreement provides for a senior unsecured $1.25 billion revolving credit facility. The available borrowings under the Revolving Credit Facility may be increased, at the Company's option, by up to an additional $500 million, subject to the Company's receipt of increased or new commitments from lenders and the satisfaction of certain conditions. The Term Loan Agreement and the Revolving Credit Facility Agreement expire in July 2020. Pursuant to the Term Loan Agreement, 27.5% of the Term Loan must be repaid in equal quarterly installments commencing in November 2017 and ending in May 2020, with the remaining principal balance due upon maturity in July 2020; provided, however, that the Term Loan may be prepaid without penalty. Each of the Agreements provides for an interest rate, at the election of the borrowers, of either (i) LIBOR plus a margin ranging from 1.0% to 1.75% or (ii) a base rate plus a margin ranging from 0.0% to 0.75%, in each case depending on the Company's leverage ratio. The base rate is the high of (a) the Federal Funds Effective Rate (as defined in the Agreements) plus 0.50%, (b) the Bank of America prime rate and (c) LIBOR plus 1.0%. Upon the closing of the Term Loan and the Revolving Credit Facility, which occurred on July 31, 2015, the Company repaid the outstanding balance of its previously existing revolving credit facility and the outstanding balance of approximately $1.23 billion on its previously existing term loan. The Company intends to use the remaining proceeds to support strategic capital allocation initiatives, including acquisitions and ongoing share repurchases. The Agreements contain customary affirmative and restrictive covenants, including, among others, financial covenants based on the Company's leverage and fixed charge coverage ratios. Each of the Agreements includes customary events of default, the occurrence of which, following any applicable cure period, would permit the lenders to, among other things, declare the principal, accrued interest and other obligations to be immediately due and payable.

Global Payments and Bank of the Philippine Islands Finalize Joint Venture in the Philippines

Global Payments Inc. announced that it has completed the formation of a joint venture with Bank of the Philippine Islands. Under the terms of the agreement, Global Payments holds a 51% majority interest in the joint venture, and BPI holds the remaining 49%.

Global Payments Refinances Debt Facilities and Expands Capacity to $3 Billion

Global Payments Inc. successfully closed on a new five-year senior unsecured $1.75 billion term loan facility and $1.25 billion revolving credit facility arranged by Bank of America, NA, Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, The Bank of Tokyo-Mitsubishi UFJ Ltd. and TD Securities (USA) LLC. The proceeds from the new facilities will be used to repay outstanding balances on the company’s prior revolving credit facility and $1.25 billion term loan. The company intends to use the remaining capacity to support future capital allocation initiatives.

 

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Industry Analysis

GLO

Industry Average

Valuation GLO Industry Range
Price/Earnings 26.5x
Price/Sales 2.6x
Price/Book 9.4x
Price/Cash Flow 25.6x
TEV/Sales 1.4x
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