---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-004839"
form_type: "8-K"
ticker: "RPMT"
cik: "0001437283"
company_name: "REGO PAYMENT ARCHITECTURES, INC."
filed_at: "2024-03-19T23:59:59+00:00"
generated_at: "2026-06-04T13:14:05.436073+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Rego Payment Architectures extends $20M credit line with shareholder to March 2025

## Summary
- Amendment extends maturity of existing $20M unsecured line of credit from March 13, 2024 to March 13, 2025.
- No outstanding balance; loans bear interest at 7% per annum.
- Repayment required upon change of control or within 60 days if no change of control within one year.
- Lender James Davison is an existing shareholder of the Company.

## SEC filing metadata
- accession: 0001214659-24-004839
- form_type: 8-K
- ticker: RPMT
- cik: 0001437283
- company_name: REGO PAYMENT ARCHITECTURES, INC.
- filed_at: 2024-03-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437283/000121465924004839/0001214659-24-004839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437283/000121465924004839/o3182428k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-004839
- JSON: https://secwatch.observer/filing/0001214659-24-004839.json
- Plain text: https://secwatch.observer/filing/0001214659-24-004839.txt

## Key facts
- Debt Financings
  REGO PAYMENT ARCHITECTURES, INC. amended credit facility of up to twenty million dollars ($20,000,000) with James Davison at 7% per annum maturing March 13, 2025.
  - Instrument: credit facility
  - Principal: up to twenty million dollars ($20,000,000)
  - Counterparty: James Davison
  - Rate: 7% per annum
  - Maturity: March 13, 2025
  - Event: amendment
  source text: Agreement, as modified by the Amendment (as modified, the “LOC Agreement”), the Lender may extend unsecured loans to the Company in the amount of up to twenty million dollars ($20,000,000) which may be drawn upon by the Company through March 13, 2025 in order to provide additional capital to facilitate the Company’s operations. Drawings may be made by the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437283/000121465924004839/0001214659-24-004839-index.htm

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