---
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"
generated_at: "2026-05-17T11:28:20.448696+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Priority acquires Boom Commerce assets for $86.2M plus earnouts; secures $50M residual financing facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653558-25-000107
- JSON: https://secwatch.observer/filing/0001653558-25-000107.json
- Plain text: https://secwatch.observer/filing/0001653558-25-000107.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $50,000,000
  - Counterparty: VP Capital, L.P.
  - Rate: SOFR rate plus an Applicable Margin per year, equal to 6.25%, subject to a SOFR
  - Maturity: August 18, 2031
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1653558/000165355825000107/0001653558-25-000107-index.htm

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