{"schema_version":"secwatch.filing_event.v1","accession":"0001653558-25-000107","form_type":"8-K","ticker":"PRTH","cik":"0001653558","company_name":"Priority Technology Holdings, Inc.","filed_at":"2025-08-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.571310+00:00","generated_at":"2026-05-17T11:28:20.448696+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Priority acquires Boom Commerce assets for $86.2M plus earnouts; secures $50M residual financing facility","bullets":["Acquired Boom's payment processing assets for $73.5M cash, $12.8M in PRTH stock, plus up to $17M earnouts over 4 years.","Deal expected to add ~$5M revenue and ~$6M adjusted EBITDA in 2025; Boom CEO Sabin Burrell and COO John Hynes join Priority.","New $50M delayed draw term loan (expandable to $125M) matures Aug 2031, secured by residual receivables; SOFR + 6.25% with 2% floor.","Proceeds from facility will finance purchase of eligible residual and loan receivables from Originators under a Sale Agreement.","Värde Partners is administrative agent and collateral agent for the credit facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001653558-25-000107","json":"https://secwatch.observer/filing/0001653558-25-000107.json","markdown":"https://secwatch.observer/filing/0001653558-25-000107.md","text":"https://secwatch.observer/filing/0001653558-25-000107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1653558/000165355825000107/0001653558-25-000107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1653558/000165355825000107/prth-20250819.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T11:28:20.448696+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":"61258012dd782b513467d6ecbbc44614274d19d6","claim":"Priority Technology Holdings, Inc. incurred credit facility of $50,000,000 with VP Capital, L.P. at SOFR rate plus an Applicable Margin per year, equal to 6.25%, subject to a SOFR maturing August 18, 2031.","evidence_excerpt":"The Credit Agreement provides for a senior secured delayed draw credit facility in an aggregate principal amount of $50,000,000 (the “ DDTL Credit Facility ”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653558/000165355825000107/0001653558-25-000107-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$50,000,000"},{"label":"Counterparty","value":"VP Capital, L.P."},{"label":"Rate","value":"SOFR rate plus an Applicable Margin per year, equal to 6.25%, subject to a SOFR"},{"label":"Maturity","value":"August 18, 2031"},{"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"}