May 24, 2024

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REPAY Announces Closing of $125 Million Revolving Credit score Facility

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ATLANTA–(Business enterprise WIRE)–Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”) today announced the closing of a new undrawn $125 million senior secured revolving credit rating facility.

“We are delighted with the successful completion of this credit rating facility, which, in addition to the out there proceeds from our concurrent offerings past thirty day period of convertible notes and Course A widespread inventory, positions us well for our upcoming acquisition alternatives,” claimed John Morris, CEO of REPAY. “Our M&A pipeline remains extremely energetic, with quite a few substantial expansion targets in large verticals that are underserved from a payment standpoint.”

The new revolving credit score facility replaces the Company’s prior senior secured amenities, which bundled an undrawn $30 million revolving credit score facility. The Corporation compensated off all expression loans excellent beneath its prior credit score settlement next the closing very last thirty day period of its concurrent offerings of convertible notes and Course A common inventory.

Truist Securities, Inc. acted as lead arranger, and Truist Financial institution will provide as the administrative agent for the new revolving credit rating facility.

Forward-Searching Statements

This conversation consists of “forward-seeking statements” within the that means of the Personal Securities Litigation Reform Act of 1995. These types of statements contain, but are not limited to, statements about the timing and phrases of the featuring and the proposed use of proceeds and other statements identified by words and phrases this sort of as “will likely final result,” “are envisioned to,” “will proceed,” “is expected,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or phrases of related meaning. These forward-looking statements consist of, but are not restricted to, statements about upcoming acquisition options for REPAY. This kind of ahead-wanting statements are centered upon the latest beliefs and expectations of our management and are inherently issue to considerable small business, financial and competitive uncertainties and contingencies, several of which are difficult to forecast and commonly over and above our command. Real benefits and the timing of gatherings may well differ materially from the benefits predicted in these forward-looking statements.

In addition to factors previously disclosed in prior reports submitted with the U.S. Securities and Exchange Fee and those people determined in other places in this communication, the adhering to factors, among some others, could trigger genuine success and the timing of events to vary materially from the anticipated success or other expectations expressed in the ahead-looking statements: the impacts of the ongoing COVID-19 coronavirus pandemic and the steps taken to manage or mitigate its spread (which impacts are extremely unsure and cannot be fairly approximated or predicted at this time) changes in the payment processing marketplace in which REPAY competes, including with regard to its competitive landscape, technological know-how evolution or regulatory modifications variations in the vertical markets that REPAY targets risks relating to REPAY’s interactions within just the payment ecosystem the threat that REPAY may well not be ready to execute its progress strategies, such as identifying and executing acquisitions dangers relating to data security adjustments in accounting guidelines relevant to REPAY and the danger that REPAY might not be equipped to acquire and manage effective interior controls.

Actual benefits, performance or achievements might vary materially, and perhaps adversely, from any forward-seeking statements and the assumptions on which all those ahead-seeking statements are based mostly. All facts set forth herein speaks only as of the date hereof in the case of information about REPAY or the day of these kinds of data in the case of data from people other than REPAY, and we disclaim any intention or obligation to update any forward-searching statements as a outcome of developments taking place right after the date of this communication.

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