Priority Technology closes $1.1B new senior credit facilities; lowers interest rate by 100 bps

Priority Technology Holdings, Inc.

Closed $1.1B senior credit facilities: $1B term loan (7-yr maturity, 2032) and $100M revolver (5-yr).
Lowered term loan interest rate by 100 bps vs. existing debt; proceeds used to refinance prior term loans.
Used part of proceeds to satisfy outstanding obligations related to the 2023 Plastiq acquisition.
CFO Tim O'Leary says refinancing strengthens balance sheet, improves cash flow, supports growth strategy.
Extended term loan maturity to 2032, revolver to 2030; new facilities replace existing credit agreement.

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