---
schema_version: "secwatch.filing_event.v1"
accession: "0001653558-24-000073"
form_type: "8-K"
ticker: "PRTH"
cik: "0001653558"
company_name: "Priority Technology Holdings, Inc."
filed_at: "2024-05-21T23:59:59+00:00"
generated_at: "2026-06-01T11:04:14.054469+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001653558-24-000073
- form_type: 8-K
- ticker: PRTH
- cik: 0001653558
- company_name: Priority Technology Holdings, Inc.
- filed_at: 2024-05-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653558/000165355824000073/0001653558-24-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653558/000165355824000073/prth-20240516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653558-24-000073
- JSON: https://secwatch.observer/filing/0001653558-24-000073.json
- Plain text: https://secwatch.observer/filing/0001653558-24-000073.txt

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