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Subsequent Events | 6 Months Ended
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Jun. 30, 2026
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Amendment to Credit Agreement On July 8, 2026 (the “Fourth Amendment Effective Date”), Shift4 Payments, LLC entered into Amendment No. 4 to its Second Amended and Restated First Lien Credit Agreement (as amended or restated, supplemented or otherwise modified from time to time prior to the Fourth Amendment Effective Date, the “Existing Credit Agreement”) with Goldman Sachs Bank USA and the lenders party thereto, pursuant to which, among other things, the Existing Credit Agreement was amended to (i) add an incremental term loan in an aggregate principal amount of $1 billion (the “Amendment No. 4 Term Loan”), (ii) amend certain definitions and certain other covenants and provisions thereunder, and (iii) extend the maturity date applicable to the Revolving Credit Facility under the Existing Credit Agreement to July 8, 2031. The Amendment No. 4 Term Loan is fungible with, and constitutes an incremental borrowing under, the existing Term Loan B facility. See Note 5 - Debt for more information on the existing Term Loan B facility. The Company received net proceeds, after deducting an original issue discount and arranger fees, of approximately $983 million from the Amendment No. 4 Term Loan. Shift4 Payments, LLC may use the net proceeds from the Amendment No. 4 Term Loan to fund prepayment, redemption, or repurchase of the $633 million of outstanding 2027 Convertible Notes, finance working capital needs, and for other general corporate purposes of Shift4 Payments, LLC and its subsidiaries. Pending Acquisition On August 5, 2026, the Company signed a definitive agreement to acquire 100% of an account-to-account payments company for an initial payment of approximately $143 million of cash. The terms and conditions also include contingent consideration of up to $173 million, resulting in an aggregate maximum consideration of approximately $316 million. The acquisition is expected to close in the second half of 2026, subject to customary regulatory approvals.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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