Paysafe Limited (NYSE:PSFE) today announced that Paysafe Holdings (US) Corp. and Paysafe Finance PLC, indirect subsidiaries of Paysafe, intend to offer, subject to market and other conditions, US$1,026 million (equivalent) aggregate principal amount of senior secured notes due 2029, consisting of U.S. dollar and euro-denominated notes.
The notes will be fully and unconditionally guaranteed by Paysafe Group Holdings II Limited, an indirect subsidiary of Paysafe, and certain other subsidiaries of Paysafe. Paysafe intends to use the proceeds from the notes offering, together with the proceeds of new term loans consisting of U.S. dollar and euro-denominated term loan facilities, to refinance certain existing indebtedness.
The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933.
The notes have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.