Priority Technology Holdings Secures $1.1 Billion in New Senior Credit Facilities to Enhance Growth and Financial Flexibility
Priority Technology Holdings Inc. (NASDAQ: PRTH) has announced the successful closing of new senior credit facilities totaling $1.1 billion. The package includes a $1 billion term loan with a 7-year maturity and a $100 million revolving credit facility with a 5-year maturity. The proceeds will be used to refinance existing debt, fulfill obligations from the 2023 acquisition of Plastiq, support strategic growth initiatives, and for general corporate purposes. This refinancing reduces the interest rate on the term loan by 100 basis points and extends its maturity to 2032. Priority's CFO, Tim O'Leary, highlighted the benefits of the refinancing, noting improved cash flow and financial flexibility to support the company's growth strategy, reflecting strong confidence from both existing and new investors.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Priority Technology Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250804071078) on August 04, 2025, and is solely responsible for the information contained therein.
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