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Priority Technology Holdings, Inc Completes Acquisition of Finxera to Create the Premier Payments and Banking as a Service Platform

Priority Technology Holdings, Inc Completes Acquisition of Finxera to Create the Premier Payments and Banking as a Service Platform
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Priority Technology Holdings, Inc Completes Acquisition of Finxera to Create the Premier Payments and Banking as a Service Platform

Priority Technology Holdings, Inc Completes Acquisition of Finxera to Create the Premier Payments and Banking as a Service Platform
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

Priority Technology Holdings, Inc Announces First Quarter 2021 Financial Results

Priority Technology Holdings, Inc Announces Completion of Debt Refinancing and Preferred Equity Issuance

Share this article Share this article ALPHARETTA, Ga., April 29, 2021 /PRNewswire/  Priority Technology Holdings, Inc. (NASDAQ:  PRTH) ( Priority ), a leading payments technology company, today announced the completion of its debt refinancing and preferred equity issuance. The new senior debt facility, which improves interest expense by 75 basis points, includes an initial term loan of $300 million used to refinance existing debt and pay debt placement fees and expenses.  A committed delayed draw term loan of $290 million is in place and will be used to finance a portion of the Finxera acquisition at closing later this year.  Also, a new $40 million revolving credit facility is immediately available. 

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