The direct lending business of Silver Point Capital, a global company in credit investing, led a $500 million term loan financing in connection with the acquisition by REPAY, a provider of integrated payment processing solutions, of Kubra Data Transfer (KUBRA). Silver Point is serving as documentation agent in the transaction.
The total financing, which consists of a $100 million revolving credit facility and a $500 million term loan, funded the acquisition of KUBRA as well as supported the repayment of REPAY’s existing revolving credit facility.
“This financing supports REPAY’s acquisition of KUBRA and brings together two complementary, vertical-leading businesses,” Anthony DiNello, head of direct lending at Silver Point Capital, said. “Silver Point is pleased to lead the facility and help structure a solution that supports the combined company as a scaled consumer bill payment provider.”
Truist Securities acted as sole lead arranger on the term loan and will serve as the administrative agent.
