REPAY divests Blue Cow Software for $41M; reaffirms FY2022 guidance

Repay Holdings Corp

Divested Blue Cow Software (fuel/propane management) to PDI Technologies for ~$41M cash.
Proceeds to improve financial flexibility, reduce net leverage below 3.0x, and fund M&A.
Part of strategy to focus on B2B payments and consumer payments verticals.
REPAY reaffirms FY2022 financial guidance previously provided with Q3 2022 results.
Transaction is accretive to organic gross profit growth (non-GAAP measure).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.65

Repay Holdings Corp updated its the fiscal year ended December 31, 2022 guidance (reaffirmed).

Period: the fiscal year ended December 31, 2022
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

REPAY reaffirms its guidance previously provided with third quarter 2022 results.

View on SEC.gov

18 earnings releases filed in the last 30 days. Browse all earnings releases →

Repay Holdings Corp filing history →

Source: SEC EDGAR

accession 0000950170-23-002896

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.