secwatch / observer
8-K filed October 5, 2023, 7:59 PM ET ticker PRTH CIK 0001653558
debt confidence high sentiment neutral materiality 0.40

Priority Technology Holdings, Inc. (PRTH): debt financing — Priority Technology secures $50M incremental term loan under existing Credit Agreement

Priority Technology Holdings, Inc.

Key facts

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
View on SEC.gov
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
View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Priority Technology Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001653558-23-000123
Machine-readable: JSON · Markdown · Plain text

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.