Verifone Receives $235M Equity Investment and Successfully Extends Debt Maturities
Executive Summary
- Verifone has received new capital investment from Francisco Partners, British Columbia Investment Management Corporation (BCI), and other existing shareholders in the form of preferred equity. The global leader has also successfully completed comprehensive extensions to its Revolving Credit, Term Loan, and Accounts Receivable (A/R) Securitization facilities.
- Verifone has been making multiple strategic advancements this year in its mission to deliver innovative solutions and solidify its leadership positions within global payments, like launching new payment devices and expanding its partner channel with both existing and new clients, among many exciting new releases.
Verifone Receives $235M Equity Investment and Successfully Extends Debt Maturities
New York City, April 1, 2025 – Verifone, a global leader in payment and commerce solutions, today announced a $235 million capital investment from Francisco Partners, British Columbia Investment Management Corporation (BCI), and other existing shareholders in the form of preferred equity, as well as the successful completion of comprehensive extensions to its Revolving Credit, Term Loan, and Accounts Receivable (A/R) Securitization facilities.
"We are delighted to have completed this transaction which reflects the deep trust and confidence that our existing shareholders and lenders have in Verifone’s long-term strategy," said Himanshu Patel, CEO of Verifone. "This accomplishment, combined with our recent strategic advancements, positions us well to capitalize on future opportunities, drive innovation, and achieve sustainable growth."
Anish Mehta, CFO of Verifone, added, "This transaction significantly strengthens our financial profile and enhances our operational flexibility. A strong, stable balance sheet with support from our financial partners allows us to confidently execute our strategic objectives and maintain a competitive advantage."
This announcement comes during an exciting period for Verifone, highlighted by several strategic advancements: the launch of several new payments devices including the new Verifone Victa product family, an expansion of the partner channel with both existing and new clients, the launch of integrated payment capabilities for Commander petro and convenience store customers, new products for the European SMB business, and the launch of biometric payment devices and software. These advancements reflect Verifone’s ongoing dedication to delivering innovative solutions and solidifying its leadership position within global payments.
Peter Christodoulo, Partner at Francisco Partners, remarked, "We are proud to continue supporting Verifone as it advances its market-leading payment solutions and maintains strong financial foundations. Verifone is very well positioned for sustained success and growth in the evolving payments landscape."
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