Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Priority Technology Holdings, Inc. incurred term loan of $50,000,000 with Truist Bank.
- Instrument
- term loan
- Principal
- $50,000,000
- Counterparty
- Truist Bank
- Event
- incurrence
Exact text from the filing
for 2023-1 Incremental Term Loans (as defined in the Fourth Amendment) under the Credit Agreement from the 2023-1 Incremental Term Lender in an aggregate principal amount of $50,000,000. The 2023-1 Incremental Term Loans will be part of the same class of Initial Term Loans under the Credit Agreement, and subject to the same terms and secured and guarantied on
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Priority Technology Holdings, Inc. entered into Fourth Amendment to the Credit and Guaranty Agreement with Truist Bank valued at $50,000,000 2023-1 Incremental Term Loans (effective 2023-10-02).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Truist Bank
- Value
- $50,000,000 2023-1 Incremental Term Loans
- Effective
- 2023-10-02
Exact text from the filing
On October 2, 2023, Priority Holdings, LLC, as a borrower (the " Initial Borrower "), the other Credit Parties (as defined in the Fourth Amendment (as defined below)) party thereto, the 2023-1 Incremental Term Lender (as defined in the Fourth Amendment) and Truist Bank, as administrative agent and collateral agent (the " Agent "), entered into the Fourth Amendment to the Credit and Guaranty Agreement (the " Fourth 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, the Third Amendment to the Credit and Guaranty Agreement, dated as of June 30, 2023, and as amended by the Fourth 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 Credit Parties p
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