Global Payments Closes Acquisition Of PayPros

(RTTNews) - Global Payments Inc. (GPN) announced that it has completed the acquisition of Payment Processing, Inc. or PayPros.

Giving a brief description on PayPros, the company said it delivers its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies, Inc., a Global Payments company since October 2012.

Under the terms of the agreement, Global Payments paid a purchase price of $420 million in cash, funded by a combination of cash on hand and the company's new unsecured term loan facility.