{"schema_version":"secwatch.filing_event.v1","accession":"0001653558-25-000091","form_type":"8-K","ticker":"PRTH","cik":"0001653558","company_name":"Priority Technology Holdings, Inc.","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.571019+00:00","generated_at":"2026-05-17T21:29:15.885889+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Priority Technology closes $1.1B new senior credit facilities; lowers interest rate by 100 bps","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001653558-25-000091","json":"https://secwatch.observer/filing/0001653558-25-000091.json","markdown":"https://secwatch.observer/filing/0001653558-25-000091.md","text":"https://secwatch.observer/filing/0001653558-25-000091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1653558/000165355825000091/0001653558-25-000091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1653558/000165355825000091/prth-20250804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:29:15.885889+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"654ad63083c95bb382a909463322a7d9c07332f0","claim":"Priority Technology Holdings, Inc. incurred term loan of $949,824,708.89 at SOFR Loans maturing seven years from the Amendment No. 2 Effective Date.","evidence_excerpt":"Term Loans (as defined in Amendment No. 2) under the Credit Agreement from the 2025-1 Refinancing Term Lender (as defined in Amendment No. 2) in an aggregate principal amount of $949,824,708.89 and (iii) the 2025-1 Incremental Revolving Credit Commitments (as defined in Amendment No. 2) under the Credit Agreement from the 2025-1 Incremental Revolving Credit Lenders (as","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653558/000165355825000091/0001653558-25-000091-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$949,824,708.89"},{"label":"Rate","value":"SOFR Loans"},{"label":"Maturity","value":"seven years from the Amendment No. 2 Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7739fc36fd1b43d65b86730ac643a415b173a78a","claim":"Priority Technology Holdings, Inc. incurred term loan of $50,175,291.11 with Truist Bank at SOFR Loans maturing seven years from the Amendment No. 2 Effective Date.","evidence_excerpt":"for (i) the 2025-1 Incremental Term Loans (as defined in Amendment No. 2) under the Credit Agreement from the 2025-1 Incremental Term Lender in an aggregate principal amount of $50,175,291.11, which will be added to (and form part of) the 2025-1 Refinancing Term Loans, (ii) the 2025-1 Refinancing Term Loans (as defined in Amendment No. 2) under the Credit Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653558/000165355825000091/0001653558-25-000091-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$50,175,291.11"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Rate","value":"SOFR Loans"},{"label":"Maturity","value":"seven years from the Amendment No. 2 Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e5846d781e51f6ab5158070cfb424e204660e54e","claim":"Priority Technology Holdings, Inc. incurred revolving credit of $30,000,000 at SOFR Loans maturing five years from the Amendment No. 2 Effective Date.","evidence_excerpt":"defined in Amendment No. 2) under the Credit Agreement from the 2025-1 Incremental Revolving Credit Lenders (as defined in Amendment No. 2) in an aggregate principal amount of $30,000,000. The 2025-1 Refinancing Term Loans will be on terms substantially similar to the Initial Term Loans under the Credit Agreement and subject to substantially similar terms and","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653558/000165355825000091/0001653558-25-000091-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$30,000,000"},{"label":"Rate","value":"SOFR Loans"},{"label":"Maturity","value":"five years from the Amendment No. 2 Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}