Priority Technology secures $25M additional revolving credit; $10M contingent on acquisition

Priority Technology Holdings, Inc.

$25M aggregate additional revolving commitments under Third Amendment to Credit Agreement.
$15M available immediately; remaining $10M available upon consummation of an Acquisition.
Third Amendment dated June 30, 2023; Truist Bank remains administrative and collateral agent.
Additional commitments are same class as original revolving commitments, with same security and guarantees.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Priority Technology Holdings, Inc. amended Third Amendment to the Credit and Guaranty Agreement with Truist Bank, as administrative agent and collateral agent valued at $25,000,000 (effective 2023-06-30).

Action: amendment
Agreement: credit facility
Counterparty: Truist Bank, as administrative agent and collateral agent
Value: $25,000,000
Effective: 2023-06-30

Exact text from the filing

her Credit Parties (as defined in the Third Amendment (as defined below)) party thereto, the 2023-1 Incremental Revolving Credit Lender (as defined in the Third Amendment), the 2023-2 Incremental Revolving Credit Lender (as defined in the Third Amendment) and Truist Bank, as administrative agent and collateral agent (the “ Agent ”), entered into the Third Amendment to the Credit and Guaranty Agreement (the “ Third Amendment ”), which amended the Credit and Guaranty Agreement, dated as of April 27, 2021 (as amended by the First Amendment to the Credit and Guaranty Agreement, dated as of May 21, 2021, the Second Amendment to the Credit and Guaranty Agreement, dated as of September 17, 2021 and as amended by the Third Amendment, the “ Credit Agreement ”; capitalized terms used but not defined herein have the meaning given to them in the Credit Agreement), among the Initial Borrower, the Cre

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Priority Technology Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001653558-23-000078

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