secwatch.observer — SEC 8-K summary
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Issuer:     Repay Holdings Corp (RPAY)
CIK:        0001720592
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0000950170-24-080665
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Repay Holdings launches $260M convertible notes offering due 2029; plans to repurchase existing 2026 notes and shares
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- Proposed offering of $260M principal of convertible senior notes due 2029; underwriters option for additional $27.5M.
- Net proceeds to fund capped call transactions, repurchase portion of outstanding 2026 notes, and buy back common stock.
- Capped call expected to reduce potential dilution upon conversion; redemption possible after July 2027.
- Contemporaneous repurchase of 2026 notes and common stock via privately negotiated transactions.
- Also intends to seek increase in revolving credit facility to $250M (subject to completion and conditions).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720592/000095017024080665/0000950170-24-080665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720592/000095017024080665/rpay-20240702.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-080665

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