secwatch.observer — SEC 8-K summary
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Issuer:     Repay Holdings Corp (RPAY)
CIK:        0001720592
Form:       8-K
Filed at:   2026-06-01T20:14:04+00:00
Accession:  0001193125-26-251442
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 1.02, 9.01, 2.03, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

REPAY closes $372M acquisition of KUBRA, funded with new $500M term loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720592/000119312526251442/0001193125-26-251442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720592/000119312526251442/rpay-20260601.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-251442

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer