The term loan facility expires in September 2017, while the revolver maturity is unchanged at December 2015. Both agreements carry a short-term variable interest rate plus a leverage-based margin. The company intends to use the funds to support strategic growth initiatives, including acquisitions, ongoing share repurchases and repaying a portion of the company's existing debt.

Global Payments' Senior Executive Vice President and Chief Financial Officer David E. Mangum said, "We are pleased with the expanded financing arrangements and appreciate the strong support of our bank partners. The new financing greatly increases our capacity and provides us with additional flexibility as we pursue our strategic growth and capital deployment objectives."