Global Payments completed its merger with Heartland Payment Systems. The combined company now has more than 8,500 employees worldwide and provides market-leading payments solutions to nearly 2.5 million merchants in 29 countries globally.

According to an 8-K filing, Bank of America agented the amended credit facility agreement which provides a $1.25 billion revolving credit facility, a $735 million delayed draw term loan facility and a $1.045 billion term loan B facility.

“We are delighted to announce the completion of this landmark transaction,” said Jeffrey S. Sloan, Atlanta-Based Global Payments CEO. “The transformative partnership with Heartland will further accelerate revenue growth, operating margin expansion and cash earnings per share growth and create the leading provider of integrated payments technology solutions worldwide.”

In connection with the closing of the transaction, Robert H.B. Baldwin, Jr. and Mitchell L. Hollin have joined the Global Payments Board, increasing its size from eight to 10 members.