---
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"
generated_at: "2026-05-17T21:29:15.885889+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653558-25-000091
- JSON: https://secwatch.observer/filing/0001653558-25-000091.json
- Plain text: https://secwatch.observer/filing/0001653558-25-000091.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $949,824,708.89
  - Rate: SOFR Loans
  - Maturity: seven years from the Amendment No. 2 Effective Date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1653558/000165355825000091/0001653558-25-000091-index.htm
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $50,175,291.11
  - Counterparty: Truist Bank
  - Rate: SOFR Loans
  - Maturity: seven years from the Amendment No. 2 Effective Date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1653558/000165355825000091/0001653558-25-000091-index.htm
- Debt Financings
  Priority Technology Holdings, Inc. incurred revolving credit of $30,000,000 at SOFR Loans maturing five years from the Amendment No. 2 Effective Date.
  - Instrument: revolving credit
  - Principal: $30,000,000
  - Rate: SOFR Loans
  - Maturity: five years from the Amendment No. 2 Effective Date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1653558/000165355825000091/0001653558-25-000091-index.htm

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