Jack Henry closes Payrailz acquisition; expands credit facility to $600M, provides FY23 guidance

JACK HENRY & ASSOCIATES INC

Amended credit agreement increases revolving commitments from $300M to $600M, maturity extended to Aug 2027; $210M borrowed for Payrailz.
Acquisition of Payrailz closed; adds cloud-native, AI-driven digital payment platform to Jack Henry's payments ecosystem.
FY23 EPS guidance confirmed at $5.05-$5.09; Q1 FY23 EPS guided $1.36-$1.38 (impact of acquisition excluded from original guidance).
Financial terms of Payrailz acquisition were not disclosed.
Credit agreement allows up to $1.0B aggregate principal under certain conditions.

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