---
schema_version: "secwatch.filing_event.v1"
accession: "0001653558-24-000153"
form_type: "8-K"
ticker: "PRTH"
cik: "0001653558"
company_name: "Priority Technology Holdings, Inc."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T20:51:35.960091+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Priority Technology Holdings redeems preferred stock with $115M term loan amendment

## Summary
- Amendment No. 1 to Credit Agreement with Truist Bank on Nov 21, 2024 provides $115M incremental term loans.
- Proceeds used to redeem 100% of outstanding senior preferred stock for ~$113.3M, including $2.6M accrued dividends.
- Net income to common shareholders expected to increase $8.9M annualized, additive to $22M from May 2024 transactions.
- CFO Tim O'Leary cited strong growth and lower cost of capital after the redemption.

## SEC filing metadata
- accession: 0001653558-24-000153
- form_type: 8-K
- ticker: PRTH
- cik: 0001653558
- company_name: Priority Technology Holdings, Inc.
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653558/000165355824000153/0001653558-24-000153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653558/000165355824000153/prth-20241121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653558-24-000153
- JSON: https://secwatch.observer/filing/0001653558-24-000153.json
- Plain text: https://secwatch.observer/filing/0001653558-24-000153.txt

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