Repay, a provider of integrated payment processing solutions, closed an undrawn $250 million senior secured revolving credit facility. The revolving credit facility renews and expands the company’s prior undrawn $185 million senior secured revolving credit facility._x000D_
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“We are pleased to successfully extend and upsize our revolving credit facility, which in addition to our recently completed convertible notes offering, is intended to provide REPAY with financial flexibility to continue focusing on profitable growth and cash generation,” John Morris, co-founder and CEO of REPAY, said._x000D_
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Truist Securities acted as lead arranger, and Truist Bank will serve as the administrative agent for the revolving credit facility.
Forward for Specialty Finance
