REPAY closes upsized $250M revolving credit facility, replacing $185M facility

Repay Holdings Corp

New $250M senior secured revolving credit facility is undrawn; replaces prior $185M facility.
Maturity is the earlier of 5 years, 91 days before 2026 or 2029 convertible notes maturity.
Interest rate: Term SOFR + 1.75%-2.75% or base rate + 0.75%-1.75%, depending on leverage.
Covenants: max secured net leverage ratio of 2.0x (2.5x post-acquisition) and min interest coverage 3.0x.
CEO states the facility provides financial flexibility for profitable growth and cash generation.

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