8-K
filed June 1, 2026, 4:14 PM ET
ticker RPAY
CIK 0001720592
M&A
confidence high
sentiment positive
materiality 0.85
Repay Holdings Corp (RPAY): M&A transaction — REPAY closes $372M acquisition of KUBRA, funded with new $500M term loan
Repay Holdings Corp
- Acquired KUBRA for $372M cash; KUBRA becomes indirect wholly owned subsidiary of REPAY.
- Funded by $500M senior secured term loan and $100M undrawn revolver; net leverage ~4.0x, expected below 3.0x in 18 months.
- KUBRA expected to add $150-154M revenue and $27.5-30M Adj EBITDA for 7 months; FY 2026 outlook raised.
- Identified $15M+ annual cost synergies, $5M tech savings, and $5M revenue opportunities by 2028; FCF accretion of 25% by 2028.
- REPAY announces investor day for December 2026.
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
Repay Holdings Corp incurred credit facility of $500.0 million with Truist Bank at term SOFR-based rate plus an applicable margin maturing the earlier of (a) the seventh anniversary of the Closing Date and (b) the date that is 91 days prior to the maturity date of the Company’s 2.875% Convertible S.
- Instrument
- credit facility
- Principal
- $500.0 million
- Counterparty
- Truist Bank
- Rate
- term SOFR-based rate plus an applicable margin
- Maturity
- the earlier of (a) the seventh anniversary of the Closing Date and (b) the date that is 91 days prior to the maturity date of the Company’s 2.875% Convertible S
- Event
- incurrence
Exact text from the filing
The Credit Agreement provides for (i) a senior secured first lien term loan facility in an aggregate principal amount of $500.0 million (the “Term Loan Facility”) and (ii) a senior secured first lien revolving credit facility in an aggregate principal amount of $100.0 million
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Repay Holdings Corp incurred revolving credit of $100.0 million with Truist Bank at term SOFR-based rate plus an applicable margin maturing the earlier of (a) the fifth anniversary of the Closing Date, (b) the date that is 182 days prior to the maturity date of the Company’s 2.875% Convertible Senio.
- Instrument
- revolving credit
- Principal
- $100.0 million
- Counterparty
- Truist Bank
- Rate
- term SOFR-based rate plus an applicable margin
- Maturity
- the earlier of (a) the fifth anniversary of the Closing Date, (b) the date that is 182 days prior to the maturity date of the Company’s 2.875% Convertible Senio
- Event
- incurrence
Exact text from the filing
The Credit Agreement provides for (i) a senior secured first lien term loan facility in an aggregate principal amount of $500.0 million (the “Term Loan Facility”) and (ii) a senior secured first lien revolving credit facility in an aggregate principal amount of $100.0 million (the “Revolving Credit Facility”)
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.95
Repay Holdings Corp completed an acquisition involving KUBRA Holdings, Inc. and KUBRA Data Transfer Ltd. (collectively, KUBRA) for aggregate cash purchase price for the Acquisition was approximately $372 million (closed 2026-06-01).
- Action
- acquisition
- Counterparty
- KUBRA Holdings, Inc. and KUBRA Data Transfer Ltd. (collectively, KUBRA)
- Consideration
- aggregate cash purchase price for the Acquisition was approximately $372 million
- Closing
- 2026-06-01
Exact text from the filing
KUBRA became an indirect wholly owned subsidiary of the Company. Pursuant to the Purchase Agreement, the aggregate cash purchase price for the Acquisition was approximately $372 million, subject to customary post-closing adjustments. The closing cash consideration was funded with a combination of cash on hand and borrowings under the Credit Agreement described
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Repay Holdings Corp entered into Credit Agreement with Truist Bank, as administrative agent valued at $500.0 million (effective 2026-06-01).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Truist Bank, as administrative agent
- Value
- $500.0 million
- Effective
- 2026-06-01
Exact text from the filing
On June 1, 2026 (the “Closing Date”), Repay Holdings Corporation (the “Company” or “REPAY”), its wholly owned subsidiary, Hawk Parent Holdings LLC, a Delaware limited liability company (the “Borrower”) and certain subsidiaries of the Company party thereto, as guarantors, entered into a Credit Agreement (the “Credit Agreement”) with certain financial institutions party thereto, as lenders, and Truist Bank, as administrative agent.
View on SEC.gov
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