---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-082154"
form_type: "8-K"
ticker: "RPAY"
cik: "0001720592"
company_name: "Repay Holdings Corp"
filed_at: "2024-07-08T23:59:59+00:00"
generated_at: "2026-05-31T23:06:26.897346+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-082154
- form_type: 8-K
- ticker: RPAY
- cik: 0001720592
- company_name: Repay Holdings Corp
- filed_at: 2024-07-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720592/000095017024082154/0000950170-24-082154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720592/000095017024082154/rpay-20240702.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-082154
- JSON: https://secwatch.observer/filing/0000950170-24-082154.json
- Plain text: https://secwatch.observer/filing/0000950170-24-082154.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.