---
schema_version: "secwatch.filing_event.v1"
accession: "0001990354-25-000015"
form_type: "8-K"
ticker: "WAY"
cik: "0001990354"
company_name: "Waystar Holding Corp."
filed_at: "2025-08-12T23:59:59+00:00"
generated_at: "2026-05-17T14:55:03.057395+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Waystar reprices $1.16B term loan; rate cut 25 bps, adds $250M for Iodine deal

## Summary
- 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.

## SEC filing metadata
- accession: 0001990354-25-000015
- form_type: 8-K
- ticker: WAY
- cik: 0001990354
- company_name: Waystar Holding Corp.
- filed_at: 2025-08-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1990354/000199035425000015/0001990354-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1990354/000199035425000015/way-20250812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001990354-25-000015
- JSON: https://secwatch.observer/filing/0001990354-25-000015.json
- Plain text: https://secwatch.observer/filing/0001990354-25-000015.txt

## Key facts
- Debt Financings
  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
  source text: 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%)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1990354/000199035425000015/0001990354-25-000015-index.htm

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