Repay Holdings closes new undrawn $125 million revolving facility

By Wendy Van Sickle

Columbus, Ohio, Feb. 3 – Repay Holdings Corp. closed a new undrawn $125 million senior secured revolving credit facility, according to a news release.

The new revolver replaces the company’s prior senior secured credit facilities, which included an undrawn $30 million revolver.

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.

Truist Securities, Inc. acted as lead arranger, and Truist Bank will be the administrative agent.

Through its subsidiaries, Atlanta-based Repay provides financial technology and payment processing solutions such as credit and debit processing, automated clearing house processing and instant funding.

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