REPAY Announces Closing of $250 Million Revolving Credit Facility
July 10 2024 - 6:09PM
Business Wire
Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the
“Company”), a leading provider of integrated payment processing
solutions, today announced the closing of an undrawn $250 million
senior secured revolving credit facility. The revolving credit
facility renews and expands the Company’s prior undrawn $185
million senior secured revolving credit facility.
John Morris, Co-founder and CEO of REPAY, said, “We are pleased
to successfully extend and upsize our revolving credit facility,
which in addition to our recently completed convertible notes
offering, is intended to provide REPAY with financial flexibility
to continue focusing on profitable growth and cash generation.”
Truist Securities, Inc. acted as lead arranger, and Truist Bank
will serve as the administrative agent for the revolving credit
facility.
About Repay
REPAY provides integrated payment processing solutions to
verticals that have specific transaction processing needs. REPAY’s
proprietary, integrated payment technology platform reduces the
complexity of electronic payments for clients, while enhancing the
overall experience for consumers and businesses.
Forward-Looking Statements
This communication contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but are not limited to, statements
about future performance and other statements identified by words
such as "will likely result," "are expected to," "will continue,"
"is anticipated," "estimated," "believe," "intend," "plan,"
"projection," "outlook" or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of REPAY’s management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond REPAY’s control, including, without limitation, the factors
described in REPAY’s reports filed with the SEC. Actual results and
the timing of events may differ materially from the results
anticipated in these forward-looking statements.
All information set forth herein speaks only as of the date
hereof in the case of information about REPAY or the date of such
information in the case of information from persons other than
REPAY, and we disclaim any intention or obligation to update any
forward-looking statements as a result of developments occurring
after the date of this communication.
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version on businesswire.com: https://www.businesswire.com/news/home/20240709459996/en/
Investor Relations Contact for REPAY: ir@repay.com Media
Relations Contact for REPAY: Kristen Hoyman khoyman@repay.com
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