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.
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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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