---
schema_version: "secwatch.filing_event.v1"
accession: "0001653558-23-000123"
form_type: "8-K"
ticker: "PRTH"
cik: "0001653558"
company_name: "Priority Technology Holdings, Inc."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:01:55.143864+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Priority Technology secures $50M incremental term loan under existing Credit Agreement

## Summary
- $50M incremental term loans added via Fourth Amendment to Credit Agreement dated Oct 2, 2023.
- Loans are same class as Initial Term Loans, on same terms, secured and guaranteed.
- No use of proceeds specified; Truist Bank acts as administrative and collateral agent.

## SEC filing metadata
- accession: 0001653558-23-000123
- form_type: 8-K
- ticker: PRTH
- cik: 0001653558
- company_name: Priority Technology Holdings, Inc.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653558/000165355823000123/0001653558-23-000123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653558/000165355823000123/prth-20231002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653558-23-000123
- JSON: https://secwatch.observer/filing/0001653558-23-000123.json
- Plain text: https://secwatch.observer/filing/0001653558-23-000123.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653558/000165355823000123/0001653558-23-000123-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653558/000165355823000123/0001653558-23-000123-index.htm

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