Waystar Holding Corp. (WAY): debt financing — Waystar reprices $1.16B term loan; rate cut 25 bps, adds $250M for Iodine deal

Waystar Holding Corp.

Refinanced $1,157,711,636 in term loans; interest rate reduced to adjusted SOFR +2.00% from 2.25%.
Added $250M incremental term loans under same terms to partially fund pending Iodine Software acquisition.
Repricing driven by strong lender demand; borrowing costs cut 211 bps since June 2024 IPO.
S&P, Moody's, Fitch reaffirmed debt ratings and stable outlook.
No change to total outstanding indebtedness from the repricing.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Waystar Holding Corp. amended credit facility of $1,157,711,636 aggregate outstanding principal amount with JPMorgan Chase Bank, N.A. at Adjusted Term SOFR (as defined in the Credit Agreement) subject to a floor of 0..

Instrument: credit facility
Principal: $1,157,711,636 aggregate outstanding principal amount
Counterparty: JPMorgan Chase Bank, N.A.
Rate: Adjusted Term SOFR (as defined in the Credit Agreement) subject to a floor of 0.
Event: amendment

Exact text from the filing

the Borrower’s $1,157,711,636 aggregate outstanding principal amount of term loans under the Existing Credit Agreement (the “Existing Term Loans”) were fully refinanced with replacement term loans (“Replacement Term Loans”) bearing reduced interest at a rate per annum equal to, at the election of the Borrower, either (i) Adjusted Term SOFR (as defined in the Credit Agreement) subject to a floor of 0.00%, plus an applicable rate of 2.00% (compared to the previous applicable rate of 2.25%)

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101 debt financings filed in the last 30 days. Browse all debt financings →

Waystar Holding Corp. filing history →

Source: SEC EDGAR

accession 0001990354-25-000015

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