secwatch.observer — SEC 8-K summary
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Issuer:     JACK HENRY & ASSOCIATES INC (JKHY)
CIK:        0000779152
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0000779152-22-000081
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779152/000077915222000081/0000779152-22-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779152/000077915222000081/jkhy-20220831.htm
  HTML page:      https://secwatch.observer/filing/0000779152-22-000081

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