SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Global Payments Inc. – ‘10-K’ for 12/31/22 – ‘EX-4.23’

On:  Friday, 2/17/23, at 8:36am ET   ·   For:  12/31/22   ·   Accession #:  1123360-23-9   ·   File #:  1-16111

Previous ‘10-K’:  ‘10-K’ on 2/18/22 for 12/31/21   ·   Next & Latest:  ‘10-K’ on 2/14/24 for 12/31/23   ·   39 References:   

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 2/17/23  Global Payments Inc.              10-K       12/31/22  117:18M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.12M 
 2: EX-4.11     Instrument Defining the Rights of Security Holders  HTML     41K 
 3: EX-4.23     Instrument Defining the Rights of Security Holders  HTML     43K 
 4: EX-21.1     Subsidiaries List                                   HTML     33K 
 5: EX-23.1     Consent of Expert or Counsel                        HTML     29K 
 6: EX-24.1     Power of Attorney                                   HTML     33K 
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     35K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     35K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     32K 
15: R1          Cover Page                                          HTML     93K 
16: R2          Audit Information                                   HTML     35K 
17: R3          Consolidated Statements of Income                   HTML    113K 
18: R4          Consolidated Statements of Comprehensive Income     HTML     83K 
19: R5          Consolidated Balance Sheets                         HTML    162K 
20: R6          Consolidated Balance Sheets (Parenthetical)         HTML     45K 
21: R7          Consolidated Statements of Cash Flows               HTML    147K 
22: R8          Consolidated Statements of Changes in Equity        HTML    122K 
23: R9          Consolidated Statements of Changes in Equity        HTML     55K 
                (Parenthetical)                                                  
24: R10         Basis of Presentation and Summary of Significant    HTML    148K 
                Accounting Policies                                              
25: R11         Acquisitions                                        HTML     53K 
26: R12         Business Dispositions                               HTML     37K 
27: R13         Revenues                                            HTML    105K 
28: R14         Property and Equipment                              HTML     48K 
29: R15         Goodwill and Other Intangible Assets                HTML     92K 
30: R16         Leases                                              HTML    161K 
31: R17         Other Assets                                        HTML     33K 
32: R18         Long-Term Debt and Lines of Credit                  HTML    106K 
33: R19         Accounts Payable and Accrued Liabilities            HTML     53K 
34: R20         Income Tax                                          HTML    146K 
35: R21         Shareholders? Equity                                HTML     45K 
36: R22         Share-Based Awards and Options                      HTML     94K 
37: R23         Supplemental Cash Flow Information                  HTML     39K 
38: R24         Noncontrolling Interests                            HTML     43K 
39: R25         Accumulated Other Comprehensive Loss                HTML     54K 
40: R26         Segment Information                                 HTML     85K 
41: R27         Commitments and Contingencies                       HTML     42K 
42: R28         Schedule Ii Valuation and Qualifying Accounts       HTML    103K 
43: R29         Basis of Presentation and Summary of Significant    HTML    186K 
                Accounting Policies (Policies)                                   
44: R30         Basis of Presentation and Summary of Significant    HTML     58K 
                Accounting Policies (Tables)                                     
45: R31         Acquisitions (Tables)                               HTML     48K 
46: R32         Revenues (Tables)                                   HTML    105K 
47: R33         Property and Equipment (Tables)                     HTML     47K 
48: R34         Goodwill and Other Intangible Assets (Tables)       HTML     97K 
49: R35         Leases (Tables)                                     HTML    103K 
50: R36         Long-Term Debt and Lines of Credit (Tables)         HTML     75K 
51: R37         Accounts Payable and Accrued Liabilities (Tables)   HTML     52K 
52: R38         Income Tax (Tables)                                 HTML    150K 
53: R39         Shareholders? Equity (Tables)                       HTML     39K 
54: R40         Share-Based Awards and Options (Tables)             HTML     91K 
55: R41         Supplemental Cash Flow Information (Tables)         HTML     38K 
56: R42         Noncontrolling Interests (Tables)                   HTML     40K 
57: R43         Accumulated Other Comprehensive Loss (Tables)       HTML     53K 
58: R44         Segment Information (Tables)                        HTML     79K 
59: R45         Commitments and Contingencies (Tables)              HTML     36K 
60: R46         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML    107K 
                ACCOUNTING POLICIES - Narrative (Details)                        
61: R47         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML     41K 
                ACCOUNTING POLICIES - Cash, Cash Equivalents and                 
                Restricted Cash (Details)                                        
62: R48         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML     38K 
                ACCOUNTING POLICIES - Earnings Per Share (Details)               
63: R49         ACQUISITIONS - Narrative (Details)                  HTML     61K 
64: R50         ACQUISITIONS - Schedule of Recognized Identified    HTML     60K 
                Assets Acquired and Liabilities Assumed (Details)                
65: R51         ACQUISITIONS - Fair Value of Intangible Assets      HTML     52K 
                (Details)                                                        
66: R52         Business Dispositions (Details)                     HTML    114K 
67: R53         REVENUES - Disaggregation of Revenue (Details)      HTML     70K 
68: R54         REVENUES - Supplemental balance sheet (Details)     HTML     41K 
69: R55         REVENUES - Narrative (Details)                      HTML     31K 
70: R56         REVENUES - Remaining Performance Obligation         HTML     52K 
                (Details)                                                        
71: R57         PROPERTY AND EQUIPMENT - Summary (Details)          HTML     66K 
72: R58         PROPERTY AND EQUIPMENT - Narrative (Details)        HTML     38K 
73: R59         GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of  HTML     51K 
                Goodwill and Intangible Assets (Details)                         
74: R60         GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative    HTML     53K 
                (Details)                                                        
75: R61         GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill     HTML     67K 
                Roll-Forward (Details)                                           
76: R62         GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of  HTML     41K 
                Future Intangible Asset Amortization Expense                     
                (Details)                                                        
77: R63         LEASES - Lease Assets and Liabilities (Details)     HTML     83K 
78: R64         LEASES - Narrative (Details)                        HTML     75K 
79: R65         LEASES - Maturities of Lease Liabilities (Details)  HTML     72K 
80: R66         OTHER ASSETS - Narrative (Details)                  HTML     42K 
81: R67         LONG-TERM DEBT AND LINES OF CREDIT - Summary        HTML    112K 
                (Details)                                                        
82: R68         LONG-TERM DEBT AND LINES OF CREDIT - Narrative      HTML    349K 
                (Details)                                                        
83: R69         LONG-TERM DEBT AND LINES OF CREDIT - Maturity       HTML     50K 
                Requirements on Outstanding Debt (Details)                       
84: R70         LONG-TERM DEBT AND LINES OF CREDIT - Effect on      HTML     35K 
                Other Comprehensive Income (Loss) (Details)                      
85: R71         ACCOUNTS PAYABLE AND ACCRUED LIABILITIES - Summary  HTML     68K 
                (Details)                                                        
86: R72         ACCOUNTS PAYABLE AND ACCRUED LIABILITIES -          HTML     35K 
                Narrative (Details)                                              
87: R73         INCOME TAX - Components of Income Tax Expense       HTML     58K 
                (Details)                                                        
88: R74         INCOME TAX - Narrative (Details)                    HTML     48K 
89: R75         INCOME TAX - Income Before Income Taxes, Domestic   HTML     38K 
                and Foreign (Details)                                            
90: R76         INCOME TAX - Reconciliation (Details)               HTML     71K 
91: R77         INCOME TAX - Deferred Tax Assets and Liabilities    HTML     74K 
                (Details)                                                        
92: R78         INCOME TAX - Net Deferred Tax Asset and Liability   HTML     37K 
                (Details)                                                        
93: R79         INCOME TAX - Change in Valuation Allowance          HTML     44K 
                (Details)                                                        
94: R80         INCOME TAX - Unrecognized Tax Benefits (Details)    HTML     43K 
95: R81         SHAREHOLDERS? EQUITY - Summary (Details)            HTML     37K 
96: R82         SHAREHOLDERS? EQUITY - Narrative (Details)          HTML     42K 
97: R83         SHARE-BASED AWARDS AND OPTIONS - Narrative          HTML     80K 
                (Details)                                                        
98: R84         SHARE-BASED AWARDS AND OPTIONS - Share-Based        HTML     34K 
                Compensation Expense (Details)                                   
99: R85         SHARE-BASED AWARDS AND OPTIONS - Restricted Stock   HTML     55K 
                Awards and Performance Units Activity (Details)                  
100: R86         SHARE-BASED AWARDS AND OPTIONS - Stock Option       HTML     76K  
                Activity (Details)                                               
101: R87         SHARE-BASED AWARDS AND OPTIONS - Schedule of        HTML     41K  
                Valuation (Details)                                              
102: R88         SUPPLEMENTAL CASH FLOW INFORMATION - Summary        HTML     34K  
                (Details)                                                        
103: R89         NONCONTROLLING INTERESTS - Summary (Details)        HTML     41K  
104: R90         NONCONTROLLING INTERESTS - Narrative (Details)      HTML     52K  
105: R91         ACCUMULATED OTHER COMPREHENSIVE LOSS - Summary      HTML     53K  
                (Details)                                                        
106: R92         ACCUMULATED OTHER COMPREHENSIVE LOSS - Narrative    HTML     32K  
                (Details)                                                        
107: R93         SEGMENT INFORMATION - Narrative (Details)           HTML     39K  
108: R94         SEGMENT INFORMATION - Summary (Details)             HTML     82K  
109: R95         SEGMENT INFORMATION - Assets by Region (Details)    HTML     36K  
110: R96         COMMITMENTS AND CONTINGENCIES - Summary (Details)   HTML     44K  
111: R97         COMMITMENTS AND CONTINGENCIES - Narrative           HTML     36K  
                (Details)                                                        
112: R98         Schedule Ii Valuation and Qualifying Accounts       HTML     60K  
                (Details)                                                        
115: XML         IDEA XML File -- Filing Summary                      XML    212K  
113: XML         XBRL Instance -- gpn-20221231_htm                    XML   4.06M  
114: EXCEL       IDEA Workbook of Financial Reports                  XLSX    263K  
11: EX-101.CAL  XBRL Calculations -- gpn-20221231_cal                XML    344K 
12: EX-101.DEF  XBRL Definitions -- gpn-20221231_def                 XML    986K 
13: EX-101.LAB  XBRL Labels -- gpn-20221231_lab                      XML   2.66M 
14: EX-101.PRE  XBRL Presentations -- gpn-20221231_pre               XML   1.59M 
10: EX-101.SCH  XBRL Schema -- gpn-20221231                          XSD    245K 
116: JSON        XBRL Instance as JSON Data -- MetaLinks              671±  1.06M  
117: ZIP         XBRL Zipped Folder -- 0001123360-23-000009-xbrl      Zip   2.14M

‘EX-4.23’   —   Instrument Defining the Rights of Security Holders

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

 <!   C:   C: 
  Document  
EXECUTION VERSION


FIRST SUPPLEMENTAL INDENTURE

FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”) dated as of December 14, 2022 among Global Payments Inc., a Georgia corporation (the “Company”) and U.S. Bank Trust Company, National Association, as trustee under the indenture referred to below (the “Trustee”).

W I T N E S S E T H :

WHEREAS the Company has heretofore executed and delivered to the Trustee an Indenture, dated as of August 8, 2022 (the “Indenture”), providing for the issuance of the Company’s 1.00% Convertible Senior Notes due 2029 (the “Securities”);

WHEREAS Section 9.02 of the Indenture provides, among other things, that with the written consent of the Holders of at least a majority in aggregate principal amount of the outstanding Securities (the “Requisite Consents”), the Company and the Trustee may enter into a supplemental indenture for the purpose of amending the Indenture;

WHEREAS the Company has requested and has received the Requisite Consents from the Holders of the Securities necessary to effect that certain amendment to the Indenture, set forth in Section 3 hereof (the “Amendment”);

1.NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of the Securities as follows:

2.CAPITALIZED TERMS.    Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture, and the rules of construction contained in the Indenture will apply equally to this First Supplemental Indenture.
3.AMENDMENT. The following provision of the Indenture will be modified as follows:

a.modify Section 10.10(b) by adding the following proviso to the end of the first sentence thereof immediately prior to “.”: “; provided that such notice requirement shall not apply with respect to the Company’s payment of a regular, quarterly cash dividend to all or substantially all holders of its Common Stock”;

4.CONSENT TO AMENDMENT. The Company hereby certifies that the Waiver to Indenture dated as of November 2, 2022, and annexed as Exhibit A to the Officers’ Certificate dated as of the date hereof, constitutes the Requisite Consents from the Holders of the Securities necessary to effect the Amendment set forth in Section 3 hereof.

5.SECURITIES DEEMED CONFORMED. The provisions of the Securities shall be deemed to be conformed to the Indenture as supplemented by this First Supplemental Indenture and amended to the extent that the Securities are inconsistent with the Indenture as amended by this First Supplemental Indenture.

6.RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURES PART OF INDENTURE. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This First Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby.

7.GOVERNING LAW. THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.


EXECUTION VERSION
8.TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this First Supplemental Indenture or in respect of the recitals contained herein, all of which recitals are made solely by the Company. All of the provisions contained in the Indenture as amended hereby in respect of the rights, privileges, protections, immunities, powers and duties of the Trustee shall be applicable in respect of this First Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein.

9.COUNTERPARTS. The parties may sign any number of copies of this First Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this First Supplemental Indenture and of signature pages by facsimile, PDF or other electronic signature transmission shall constitute effective execution and delivery of this First Supplemental Indenture as to the parties hereto and may be used in lieu of the original First Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile, PDF or other electronic signature shall be deemed to be their original signatures for all purposes.

10.EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not effect the construction thereof.

11.EFFECTIVENESS; REVOCATION. This First Supplemental Indenture shall become effective and binding on the Company, the Trustee and every Holder of the Securities heretofore or hereafter authenticated and delivered under the Indenture upon the execution and delivery by the parties of this First Supplemental Indenture.

[Signature page follows]



EXECUTION VERSION
IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed as of the date first above written.

GLOBAL PAYMENTS INC.
By: /s/ David Green
Name: David Green
Title: Senior Executive Vice President, General Counsel and Corporate Secretary










































[Signature Page to First Supplemental Indenture]

EXECUTION VERSION
IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed as of the date first above written.
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee
By: /s/ David Ferrell
Name: David Ferrell
Title: Vice President











































[Signature Page to First Supplemental Indenture]

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/17/23
For Period end:12/31/225
12/14/224
11/2/22
8/8/22424B5,  8-K,  FWP,  S-3ASR
 List all Filings 

5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/22/24  Global Payments Inc.              S-3ASR      2/22/24    6:1M                                     Toppan Merrill/FA
 2/14/24  Global Payments Inc.              10-K       12/31/23  125:18M
 3/24/23  Global Payments Inc.              S-8         3/24/23    4:97K                                    Donnelley … Solutions/FA
 3/10/23  Global Payments Inc.              424B5                  2:505K                                   Donnelley … Solutions/FA
 3/08/23  Global Payments Inc.              424B5                  1:457K                                   Donnelley … Solutions/FA

34 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/31/22  Global Payments Inc.              10-Q        9/30/22   81:11M
 8/22/22  Global Payments Inc.              8-K:1,2,8,9 8/19/22   14:1.3M                                   Donnelley … Solutions/FA
 8/09/22  Global Payments Inc.              8-K:1,2,3,9 8/08/22   12:1.2M                                   Donnelley … Solutions/FA
 8/02/22  Global Payments Inc.              8-K:1,2,3,8 8/01/22   15:2.4M                                   Donnelley … Solutions/FA
 5/03/22  Global Payments Inc.              8-K:5,9     4/28/22   11:450K                                   Donnelley … Solutions/FA
 5/02/22  Global Payments Inc.              10-Q        3/31/22   79:9.1M
11/22/21  Global Payments Inc.              8-K:1,2,9  11/22/21   12:362K                                   Donnelley … Solutions/FA
 5/04/21  Global Payments Inc.              10-Q        3/31/21   75:8.5M
 2/26/21  Global Payments Inc.              8-K:1,2,9   2/26/21   12:382K                                   Donnelley … Solutions/FA
 5/15/20  Global Payments Inc.              8-K:1,2,9   5/15/20   12:355K                                   Donnelley … Solutions/FA
 5/06/20  Global Payments Inc.              10-Q        3/31/20   77:7.7M
 5/01/20  Global Payments Inc.              8-K:5,9     4/29/20   14:892K
10/31/19  Global Payments Inc.              10-Q        9/30/19   88:12M
 9/20/19  Global Payments Inc.              8-K:1,2,5,8 9/16/19   13:347K                                   Donnelley … Solutions/FA
 9/18/19  Global Payments Inc.              S-8 POS     9/18/19    6:357K                                   Donnelley … Solutions/FA
 8/14/19  Global Payments Inc.              8-K:1,2,8,9 8/14/19   14:886K                                   Donnelley … Solutions/FA
 5/31/19  Global Payments Inc.              8-K:1,9     5/27/19    3:598K                                   Donnelley … Solutions/FA
 5/02/19  Global Payments Inc.              10-Q        3/31/19   80:6.8M
 8/02/18  Global Payments Inc.              10-Q        6/30/18   76:9.2M
 5/11/18  Total System Services Inc.        8-K:8,9     5/11/18    5:340K                                   Donnelley … Solutions/FA
 5/03/18  Global Payments Inc.              10-Q        3/31/18   76:7.5M
 4/28/17  Total System Services Inc.        8-K:5,9     4/27/17    2:186K                                   Donnelley … Solutions/FA
 2/28/17  Global Payments Inc.              10-KT      12/31/16  113:14M
 3/17/16  Total System Services Inc.        8-K:8,9     3/17/16    6:733K                                   Donnelley … Solutions/FA
 7/25/13  Global Payments Inc.              10-K        5/31/13  201:22M
 7/01/13  Total System Services Inc.        S-8         7/01/13    4:188K                                   Donnelley … Solutions/FA
 5/22/13  Total System Services Inc.        8-K:8,9     5/22/13    6:734K                                   Donnelley … Solutions/FA
 5/04/12  Total System Services Inc.        8-K:5,9     5/01/12    2:197K                                   Donnelley … Solutions/FA
 9/16/10  Global Payments Inc.              S-8         9/16/10    4:226K                                   Donnelley … Solutions/FA
 7/28/10  Global Payments Inc.              10-K        5/31/10    7:1.6M                                   Donnelley … Solutions/FA
 4/06/09  Global Payments Inc.              10-Q        2/28/09   11:1M                                     Donnelley … Solutions/FA
 7/30/07  Global Payments Inc.              10-K        5/31/07   11:1.4M                                   Donnelley … Solutions/FA
 4/25/07  Total System Services Inc.        8-K:5,9     4/24/07    9:585K
 1/08/07  Global Payments Inc.              10-Q       11/30/06   11:776K                                   Donnelley … Solutions/FA
↑Top
Filing Submission 0001123360-23-000009   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Sat., May 11, 1:25:47.3am ET