Item 8.01. Other Events.

On November 19, 2021, Global Payments Inc. ("Global Payments") received notification of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation ("TRC") to purchase up to 1 million shares of the outstanding common stock of Global Payments, at a price of $120.38 per share in cash. TRC's offer price is approximately 4.41% less than the closing price per share of Global Payments' common stock on November 19, 2021, the last trading day before the mini-tender offer commenced. If all shares are acquired, TRC's ownership would represent approximately 0.34% of Global Payments' outstanding common stock.

Global Payments is not affiliated with TRC and does not endorse the offer documentation or the unsolicited mini-tender offer. Global Payments recommends that Global Payments' stockholders do not tender their shares in response to the offer. Global Payments' stockholders should note that TRC may decline to purchase Global Payments' shares of common stock tendered if any one of numerous conditions is not satisfied, including the receipt by TRC of financing necessary to complete the offer. There is no guarantee the conditions of the offer will be satisfied. Global Payments also recommends that any stockholders who have tendered shares to TRC withdraw those shares by providing the written notice described in the offering documentation before the expiration of the offer, which is currently scheduled for 12:01 a.m. New York City time on December 22, 2021.

TRC has made similar unsolicited mini-tender offers for shares of other public companies. TRC's purported mini-tender offer seeks less than five percent of Global Payments' common stock, thus avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission ("SEC") that apply to offers for more than five percent of a company's outstanding shares. As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under United States securities laws.

The SEC has cautioned investors about mini-tender offers, noting that bidders "frequently use mini-tender offers to catch shareholders off guard" and "count on investors jumping to the conclusion that the price offered includes the premium usually present in larger, traditional tender offers." The SEC has provided publicly available investor tips for mini-tender offers such as this one at https://www.sec.gov/reportspubs/investor-publications/investorpubsminitendhtm.html.

Global Payments recommends that stockholders obtain current market quotes for their shares, review the conditions to TRC's mini-tender offer, consult with their brokers or financial advisors and exercise caution with respect to TRC's mini-tender offer.

Global Payments encourages brokers and dealers, as well as other market participants, to review the SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosures on the SEC's website at www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.

Global Payments requests that a copy of this communication be included with all distributions of materials relating to TRC's mini-tender offer for shares of Global Payments' common stock.

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