This is a routine post-closing syndication amendment with no change to total leverage, pricing, or liquidity. Monitor upcoming quarterly earnings for revenue and EBITDA growth from the KUBRA acquisition to assess whether the company can delever toward the 1.90x first-lien net leverage threshold that triggers lower pricing. The shortened maturity is a minor negative (less time to repay), but immaterial at current leverage levels.
Price Chart
Executive Summary
Repay Holdings Corp. entered into an amendment to its credit agreement related to the post-closing syndication of the $600M credit facilities established on June 1, 2026, in connection with the KUBRA acquisition. The amendment reduces the term loan maturity by one year (from June 2033 to June 2032) and revises springing maturity provisions tied to the 2.875% Convertible Notes due 2029, but does not change aggregate commitments or interest rate margins. This is a technical amendment following a recently completed acquisition and credit facility syndication, with no change to the total debt structure or pricing.
Key Facts
- First Amendment to Credit Agreement dated June 12, 2026, entered into by subsidiary Hawk Parent Holdings LLC, Truist Bank as agent, and lenders
- Reduces term loan stated maturity from June 1, 2033 to June 1, 2032 (shortened by one year)
- Revises springing maturity provisions related to the 2.875% Convertible Senior Notes due 2029
- Does NOT change aggregate commitments ($500M term loan + $100M revolver = $600M total)
- Does NOT change interest rate margins (5.50% SOFR / 4.50% Base for term loans; revolving margin tiered 3.75%-4.25% SOFR based on leverage)
- Entered into 'in connection with the post-closing syndication' of the credit facilities established on June 1, 2026
- Prior 8-K (June 1, 2026) reported the completion of the KUBRA acquisition and establishment of these same credit facilities
Financial Impact
No change to aggregate debt commitments or pricing; term loan maturity shortened by one year, which has minimal present-value impact given the 6-year remaining tenor.
Risk Factors
- Term loan maturity reduction is a slight negative, removing one year of optionality before refinancing is required
- Leverage post-KUBRA acquisition may be elevated; EBITDA growth needed to avoid covenant tightness
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001720592-26-000004 |
| Document: 0001720592-26-000004-index.html | 0001720592-26-000004 |
| Document: 0001720592-26-000004.txt | 0001720592-26-000004 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | 144 | $4.00 | awaiting T+60 | — | $4.29 (+7.25%) |
Aug 10, 2026 11w ago | 8-K | $3.70 | awaiting T+60 | — | $4.29 (+15.95%) |
Jul 20, 2026 14w ago | 3 | $3.74 $3.95 | ▲ +5.62% | ▲ +1.64% | $4.29 (+14.71%) |
Jun 15, 2026 19w ago | 8-K | $3.28 $3.56 | ▲ +8.54% | ▲ +7.54% | $4.29 (+30.79%) |
May 4, 2026 25w ago | 8-K | $3.57 $3.96 | ▲ +10.92% | ▲ +8.18% | $4.29 (+20.17%) |
Apr 27, 2026 26w ago | 8-K | $4.04 $3.66 | ▼ −9.41% | ▼ −14.18% | $4.29 (+6.19%) |
Apr 14, 2026 28w ago | 8-K | $3.07 $4.06 | ▲ +32.25% | ▲ +23.72% | $4.29 (+39.74%) |
Mar 10, 2026 33w ago | EFFECT | $3.04 $3.65 | ▲ +20.07% | ▲ +8.38% | $4.29 (+41.12%) |
Feb 25, 2026 34w ago | 8-K | $2.95 $3.35 | ▲ +13.56% | ▲ +5.81% | $4.29 (+45.42%) |
US Market Status
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