{"id":428188,"date":"2021-02-03T16:08:20","date_gmt":"2021-02-03T21:08:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=428188"},"modified":"2021-02-03T16:08:20","modified_gmt":"2021-02-03T21:08:20","slug":"repay-announces-closing-of-125-million-revolving-credit-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/repay-announces-closing-of-125-million-revolving-credit-facility\/","title":{"rendered":"REPAY Announces Closing of $125 Million Revolving Credit Facility"},"content":{"rendered":"

<\/p>\n

REPAY Announces Closing of $125 Million Revolving Credit Facility<\/b><\/p>\n

ATLANTA–(BUSINESS WIRE<\/a>)–
\nRepay Holdings Corporation (NASDAQ: RPAY) (\u201cREPAY\u201d or the \u201cCompany\u201d) today announced the closing of a new undrawn $125 million senior secured revolving credit facility.\n<\/p>\n

\n\u201cWe are pleased with the successful completion of this credit facility, which, in addition to the available proceeds from our concurrent offerings last month of convertible notes and Class A common stock, positions us well for our future acquisition opportunities,\u201d said John Morris, CEO of REPAY. \u201cOur M&A pipeline remains very active, with many high growth targets in large verticals that are underserved from a payment perspective.\u201d\n<\/p>\n

\nThe new revolving credit facility replaces the Company\u2019s prior senior secured facilities, which included an undrawn $30 million revolving credit facility. The Company paid off all term loans outstanding under its prior credit agreement following the closing last month of its concurrent offerings of convertible notes and Class A common stock.\n<\/p>\n

\nTruist Securities, Inc. acted as lead arranger, and Truist Bank will serve as the administrative agent for the new revolving credit facility.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis communication contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the timing and terms of the offering and the proposed use of proceeds and other statements identified by words such as \u201cwill likely result,\u201d \u201care expected to,\u201d \u201cwill continue,\u201d \u201cis anticipated,\u201d \u201cestimated,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cprojection,\u201d \u201coutlook\u201d or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding future acquisition opportunities for REPAY. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.\n<\/p>\n

\nIn addition to factors previously disclosed in prior reports filed with the U.S. Securities and Exchange Commission and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: the impacts of the ongoing COVID-19 coronavirus pandemic and the actions taken to control or mitigate its spread (which impacts are highly uncertain and cannot be reasonably estimated or predicted at this time); changes in the payment processing market in which REPAY competes, including with respect to its competitive landscape, technology evolution or regulatory changes; changes in the vertical markets that REPAY targets; risks relating to REPAY\u2019s relationships within the payment ecosystem; the risk that REPAY may not be able to execute its growth strategies, including identifying and executing acquisitions; risks relating to data security; changes in accounting policies applicable to REPAY; and the risk that REPAY may not be able to develop and maintain effective internal controls.\n<\/p>\n

\nActual results, performance or achievements may differ materially, and potentially adversely, from any forward-looking statements and the assumptions on which those forward-looking statements are based. 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.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210203005877\/en\/<\/a><\/span><\/p>\n

\nInvestor Relations Contact for REPAY:
\n
repayIR@icrinc.com<\/a><\/p>\n

\nMedia Relations Contact for REPAY:
\n
Kristen Hoyman
\n
(404) 637-1665
\n
khoyman@repay.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Georgia<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Consulting Banking Professional Services Other Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

REPAY Announces Closing of $125 Million Revolving Credit Facility ATLANTA–(BUSINESS WIRE)– Repay Holdings Corporation (NASDAQ: RPAY) (\u201cREPAY\u201d or the \u201cCompany\u201d) today announced the closing of a new undrawn $125 million senior secured revolving credit facility. \u201cWe are pleased with the successful completion of this credit facility, which, in addition to the available proceeds from our concurrent offerings last month of convertible notes and Class A common stock, positions us well for our future acquisition opportunities,\u201d said John Morris, CEO of REPAY. \u201cOur M&A pipeline remains very active, with many high growth targets in large verticals that are underserved from a payment perspective.\u201d The new revolving credit facility replaces the Company\u2019s prior senior secured facilities, which included an undrawn $30 million … <\/p>\n

Continue reading “REPAY Announces Closing of $125 Million Revolving Credit Facility”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-428188","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nREPAY Announces Closing of $125 Million Revolving Credit Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/repay-announces-closing-of-125-million-revolving-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REPAY Announces Closing of $125 Million Revolving Credit Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"REPAY Announces Closing of $125 Million Revolving Credit Facility ATLANTA–(BUSINESS WIRE)– Repay Holdings Corporation (NASDAQ: RPAY) (\u201cREPAY\u201d or the \u201cCompany\u201d) today announced the closing of a new undrawn $125 million senior secured revolving credit facility. \u201cWe are pleased with the successful completion of this credit facility, which, in addition to the available proceeds from our concurrent offerings last month of convertible notes and Class A common stock, positions us well for our future acquisition opportunities,\u201d said John Morris, CEO of REPAY. \u201cOur M&A pipeline remains very active, with many high growth targets in large verticals that are underserved from a payment perspective.\u201d The new revolving credit facility replaces the Company\u2019s prior senior secured facilities, which included an undrawn $30 million … Continue reading "REPAY Announces Closing of $125 Million Revolving Credit Facility"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/repay-announces-closing-of-125-million-revolving-credit-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-03T21:08:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210203005877r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/repay-announces-closing-of-125-million-revolving-credit-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/repay-announces-closing-of-125-million-revolving-credit-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"REPAY Announces Closing of $125 Million Revolving Credit Facility\",\"datePublished\":\"2021-02-03T21:08:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/repay-announces-closing-of-125-million-revolving-credit-facility\\\/\"},\"wordCount\":634,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/repay-announces-closing-of-125-million-revolving-credit-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210203005877r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/repay-announces-closing-of-125-million-revolving-credit-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/repay-announces-closing-of-125-million-revolving-credit-facility\\\/\",\"name\":\"REPAY Announces Closing of $125 Million Revolving Credit Facility - 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