secwatch / observer
8-K filed February 10, 2023, 6:59 PM ET ticker RPAY CIK 0001720592
debt confidence high sentiment neutral materiality 0.15

Repay Holdings Corp (RPAY): debt financing — Repay Holdings amends credit agreement to replace LIBOR with SOFR

Repay Holdings Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.7

Repay Holdings Corp amended revolving credit with Truist Bank, as administrative agent at replaced LIBOR with SOFR.

Instrument
revolving credit
Counterparty
Truist Bank, as administrative agent
Rate
replaced LIBOR with SOFR
Event
amendment
Exact text from the filing
The Amendment amends the Amended Credit Agreement to replace the interest rate benchmark, from London Interbank Offered Rate (“LIBOR”) to Secured Overnight Financing Rate (“SOFR”) and other ministerial changes.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Repay Holdings Corp amended Third Amendment with Truist Bank, as administrative agent (effective 2023-02-09).

Action
amendment
Agreement
credit facility
Counterparty
Truist Bank, as administrative agent
Effective
2023-02-09
Exact text from the filing
On February 9, 2023, Repay Holdings Corporation (the “Company”) and certain of its subsidiaries entered into a Third Amendment (the “Amendment”) to the Amended and Restated Revolving Credit Agreement (the “Amended Credit Agreement”), dated as of February 3, 2021, by and among the Company, certain subsidiaries of the Company, financial institutions parties thereto as lenders, and Truist Bank, as administrative agent.
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38 debt financings filed in the last 30 days. Browse all debt financings →

Repay Holdings Corp filing history →

Source: SEC EDGAR
accession 0000950170-23-002466
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