---
schema_version: "secwatch.filing_event.v1"
accession: "0001653558-21-000114"
form_type: "8-K"
ticker: "PRTH"
cik: "0001653558"
company_name: "Priority Technology Holdings, Inc."
filed_at: "2021-09-21T23:59:59+00:00"
generated_at: "2026-06-29T02:21:40.817060+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001653558-21-000114
- form_type: 8-K
- ticker: PRTH
- cik: 0001653558
- company_name: Priority Technology Holdings, Inc.
- filed_at: 2021-09-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653558/000165355821000114/0001653558-21-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653558/000165355821000114/prth-20210917.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653558-21-000114
- JSON: https://secwatch.observer/filing/0001653558-21-000114.json
- Plain text: https://secwatch.observer/filing/0001653558-21-000114.txt

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