Waystar Holding Corp. (WAY): debt financing — Waystar closes Iodine acquisition for ~$459M cash + 16.6M shares; debt amended

Waystar Holding Corp.

Acquisition completed Oct 1, 2025; total consideration ~$458.6M cash plus 16.64M shares valued at $37.31/share.
Combined company unites financial and clinical AI; expands TAM by >15% with Iodine's 1,000+ hospital clients.
Waystar expects immediate accretion to gross margin and adjusted EBITDA margin; revenue and non-GAAP EPS accretive in 2027.
Credit facility amended: $250M incremental term loans, revolver increased to $500M, interest rates reduced.
Board expanded to 13; Lauren Young (Advent MD) appointed as Class II director.

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Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Waystar Holding Corp. amended revolving credit of from $400.0 million to $500.0 million with JPMorgan Chase Bank, N.A. at Adjusted Term SOFR (as defined in the Credit Agreement), plus an initial applica.

Instrument: revolving credit
Principal: from $400.0 million to $500.0 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: Adjusted Term SOFR (as defined in the Credit Agreement), plus an initial applica
Event: amendment

Exact text from the filing

the maximum borrowing capacity under the revolving credit facility under the Credit Agreement (the "Revolving Credit Facility"), was increased from $400.0 million to $500.0 million

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Waystar Holding Corp. incurred term loan of $250.0 million with JPMorgan Chase Bank, N.A..

Instrument: term loan
Principal: $250.0 million
Counterparty: JPMorgan Chase Bank, N.A.
Event: incurrence

Exact text from the filing

the Borrower incurred incremental term loans in an aggregate principal amount of $250.0 million (the "Incremental Term Loans")

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101 debt financings filed in the last 30 days. Browse all debt financings →

Waystar Holding Corp. filing history →

Source: SEC EDGAR

accession 0001104659-25-095372

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