---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-000022"
form_type: "8-K"
ticker: "RPAY"
cik: "0001720592"
company_name: "Repay Holdings Corp"
filed_at: "2022-01-03T23:59:59+00:00"
generated_at: "2026-06-27T21:26:40.320468+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# REPAY acquires Payix for up to $115M; upsizes revolver capacity to $185M

## Summary
- Purchase price up to $115M: $95M at closing plus up to $20M earnout based on 2022 performance.
- Financed with cash on hand and available revolver; net leverage ~3.6x post-transaction, expected below 3.0x by year-end 2022.
- Payix expected 2022 revenue >$15M, with gross margins ~65% and adjusted EBITDA margins ~40%.
- Acquisition enhances REPAY's position in automotive loan repayment and accelerates BNPL expansion.
- Revolver capacity increased from $125M to $185M via credit agreement amendment.

## SEC filing metadata
- accession: 0001564590-22-000022
- form_type: 8-K
- ticker: RPAY
- cik: 0001720592
- company_name: Repay Holdings Corp
- filed_at: 2022-01-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720592/000156459022000022/0001564590-22-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720592/000156459022000022/rpay-8k_20211229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-000022
- JSON: https://secwatch.observer/filing/0001564590-22-000022.json
- Plain text: https://secwatch.observer/filing/0001564590-22-000022.txt

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