Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, successfully closed an amendment to its credit facility agreement on October 31, 2016. Under the terms of the amendment, the company increased its aggregate term loan A facilities by $750 million with the proceeds being used to reduce a portion of the term loan B facility and outstanding revolving credit facility borrowings. The company's total borrowings remain unchanged as a result of the amendment. The amendment also reduced the interest rate spread on the term loan A facilities and the revolving credit facility by 25 basis points (subject to adjustment based on an amended leveraged-based pricing grid) and on the term loan B by 100 basis points. Further, the amendment extended the maturities of the term loan A facilities and the revolving credit facility to October 31, 2021. The term loan B facility matures on April 22, 2023. "We are delighted to announce the successful completion of the refinancing of our existing debt facilities," stated Cameron Bready, Executive Vice President and Chief Financial Officer. "In addition to improving our liquidity position and extending the maturity of our term loan A and revolving credit facilities, we expect this refinancing to yield $10-12 million of annual interest expense savings, net of additional anticipated expense associated with future interest rate hedging activities." About Global Payments Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. Our technologies, partnerships and employee expertise enable us to provide a broad range of products and services that allow our customers to accept all payment types across a variety of distribution channels in many markets around the world. Headquartered in Atlanta, Georgia with more than 8,500 employees worldwide, Global Payments is a member of the S&P 500 with merchants and partners in 30 countries throughout North America, Europe, the Asia-Pacific region and Brazil. For more information about Global Payments, our Service. Driven. Commerce brand and our technologies, please visit www.globalpaymentsinc.com.