Repay closes $287.5M convertible note offering, repurchases $220M of 2026 notes and 3.9M shares

Repay Holdings Corp

Issued $287.5M of 2.875% convertible senior notes due 2029 (including full greenshoe); initial conversion price ~$13.02 per share.
Used ~$200M of net proceeds plus $5.1M cash to repurchase $220M aggregate principal of outstanding 0.00% convertible notes due 2026.
Used ~$40M to repurchase ~3.9M shares of Class A common stock at $10.21 per share concurrently with the offering.
Entered capped call transactions (cost ~$39.2M) with initial cap price of $20.42 to reduce potential dilution upon conversion.
Net proceeds ~$279.2M; notes are senior unsecured, mature July 15, 2029; redemption not permitted before July 20, 2027.

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