Priority Technology completes acquisition of Finxera; pro forma 2021 revenue $547-570M

Priority Technology Holdings, Inc.

Total consideration of ~$375M cash and ~7.6M shares of Priority common stock.
Acquisition funded via $320M delayed draw term loan and $75M preferred stock issuance to Ares.
Finxera CEO Sanj Goyle and CTO Praveer Kumar to assume prominent roles at Priority.
Combined pro forma 2021 revenue $547-570M, adjusted EBITDA $131-136M, free cash flow $62-65M.
Net leverage ratio expected below 4.25x after the transaction.

item 1.01 item 2.01 item 2.03 item 3.02 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.