---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-082963"
form_type: "8-K"
ticker: "RPAY"
cik: "0001720592"
company_name: "Repay Holdings Corp"
filed_at: "2024-07-11T23:59:59+00:00"
generated_at: "2026-05-31T21:47:56.237411+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-082963
- form_type: 8-K
- ticker: RPAY
- cik: 0001720592
- company_name: Repay Holdings Corp
- filed_at: 2024-07-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720592/000095017024082963/0000950170-24-082963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720592/000095017024082963/rpay-20240710.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-082963
- JSON: https://secwatch.observer/filing/0000950170-24-082963.json
- Plain text: https://secwatch.observer/filing/0000950170-24-082963.txt

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