secwatch.observer — SEC 8-K summary
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Issuer:     Repay Holdings Corp (RPAY)
CIK:        0001720592
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0000950170-23-002896
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720592/000095017023002896/0000950170-23-002896-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720592/000095017023002896/rpay-20230215.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002896

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