Debt ObligationsA $0.5b 1.5% note comes due 11/15/24 and $1b 2.65% note comes due 2/15/25, which is about 10% of total notes at an average rate of ~1.9% coming off.
Financial PerformanceTotal revenue was below expectations, with Merchant revenue slightly below estimates and Issuer revenue also below expectations.
Investor SentimentInvestor sentiment on GPN remains negative, and in order to address concerns, there is a need for clear communication from management on assumptions within medium-term targets.