Priority Technology enters $905M credit facilities, redeems $170M preferred stock

Priority Technology Holdings, Inc.

$835M term loan and $70M revolver with Truist Bank as agent; total commitments $905M.
Proceeds refinance existing credit agreement and redeem $170M of senior preferred stock.
Interest on term loan at SOFR+4.75%; revolver margin ranges SOFR+3.75%-4.25% based on leverage.
Financial covenant: max Total Net Leverage Ratio of 6.90x through Q4 2025, then 6.40x.
Existing credit agreement terminated; full Credit Agreement filed as Exhibit 10.1.

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