Priority Technology Hldgs Inc Stock Price, News & Analysis

Priority Technology Holdings (NASDAQ: PRTH) has announced the launch of new senior credit facilities, comprising a $70 million revolving credit facility and a $1.0 billion term loan. The facilities will extend maturities to 5 years for the revolving credit and 7 years for the term loan.

The proceeds will be used to refinance $935.5 million of existing debt, partially fund a planned tuck-in acquisition, and settle contingent consideration related to the Plastiq acquisition. The transaction is expected to close in Q3 2025. The company's improved credit profile, evidenced by Moody's upgrade to 'B1' and S&P's positive outlook, supports this refinancing initiative.

Priority Technology Holdings (NASDAQ: PRTH) has announced a new $40 million share repurchase program authorized by its Board of Directors. The company, which specializes in payments and banking fintech solutions, will execute the buyback through various methods including open market and privately negotiated transactions, complying with Rule 10b-18 and other regulations. CEO Tom Priore expressed confidence in the company's business fundamentals and growth potential, particularly in their unified commerce strategy across SMB, B2B, and Enterprise segments. The repurchase timing and amount will be based on market conditions, stock price, business performance, and alternative investment opportunities.

Priority Technology Holdings (NASDAQ: PRTH), a payments and banking fintech company, has announced its participation in three upcoming investor conferences in May and June 2025:

• B. Riley 25th Annual Investor Conference in Marina Del Rey, CA on May 21, 2025
• Wolfe Research Small and Mid-Cap Conference (virtual) on June 3-4, 2025
• Benchmark Virtual Fintech Seminar on June 5, 2025, featuring a fireside chat at 12:30 PM EDT

The Benchmark presentation will be accessible through Priority's investor relations website at prioritycommerce.com/investors/.

Priority Technology Holdings (NASDAQ: PRTH) reported strong Q1 2025 financial results with significant growth across its unified commerce platform. Revenue increased 9.2% to $224.6 million compared to Q1 2024. The company saw notable improvements in key metrics: adjusted gross profit rose 14.2% to $87.3 million, operating income grew 16.4% to $32.6 million, and adjusted EBITDA increased 10.7% to $51.3 million. Adjusted EPS showed remarkable growth of 633.3%, reaching $0.22 from $0.03. For full-year 2025, Priority maintains strong guidance, forecasting revenue between $965 million to $1 billion (10-14% growth), adjusted gross profit of $360-385 million (10-17% growth), and adjusted EBITDA of $220-230 million (8-13% growth).

The Minnesota Wild has selected Priority (PRTH) as its partner to streamline ticket payment processing and enhance financial operations. Since March, Priority Sports has been managing the NHL team's ticket transactions, providing fast and secure service. The partnership aims to improve both fan experience and operational efficiency.

The Wild's Chief Revenue Officer, Mitch Helgerson, highlighted that Priority offered a data-driven solution to address their complex pricing and payment flexibility challenges. The team is also considering implementing Priority's Passport platform, which offers instant settlement, improved cash utilization, and integrated payment operations.

Priority Technology Holdings (NASDAQ: PRTH) has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025, before markets open. The company will host a conference call and webcast at 11:00 AM ET on the same day, featuring a question-and-answer session.

Participants can join via phone (US/Canada: 877-407-0752, International: 201-389-0912) or access the webcast through the company's investor relations website. An audio replay will be available until May 20, 2025, accessible by dialing 844-512-2921 (US) or 412-317-6671 with access ID 13753537.

Ideon has announced a strategic partnership with Ambient, the ICHRA payments and administration unit of Priority Technology Holdings (PRTH), to enhance Individual Coverage Health Reimbursement Arrangement (ICHRA) solutions. The collaboration integrates Ideon's enrollment technology with Ambient's payment and administration capabilities.

The partnership addresses key challenges in the rapidly expanding ICHRA market by providing automated solutions for managing enrollment and payment data. IdeonEnroll for ICHRA extends the company's group benefit enrollment automation to the individual market, reducing integration costs and processing time while improving visibility into enrollments.

The comprehensive solution combines IdeonQuote, IdeonSelect, and IdeonEnroll with Ambient's payment system, enabling carriers and platforms to efficiently enter the ICHRA market with pre-built integrations and accurate data processing.

Priority Technology Holdings (PRTH) has received a credit rating upgrade from Moody's Ratings, moving up to B1 from B2. The upgrade reflects Priority's strong revenue growth, improved capital structure with lower costs, and enhanced cash flow generation capabilities.

According to Moody's assessment, the company is expected to continue deleveraging through earnings growth and debt reduction. Priority's CFO Tim O'Leary expressed satisfaction with the recognition of their financial performance and successful balance sheet improvements in fiscal 2024.

Priority Technology Holdings (NASDAQ: PRTH) has announced the launch of its Ambient business for Individual Coverage Health Reimbursement Arrangement (ICHRA) plan payments and administration. The platform is designed to help insurance brokers and third-party administrators build high-margin ICHRA businesses while enabling employers to manage health benefit plans efficiently.

ICHRAs are employer-funded health benefits that allow tax-free reimbursement for individual health insurance premiums and qualified medical expenses. According to Jim Mrowka, Ambient's COO, ICHRAs are experiencing rapid growth in the U.S., with 83% of new ICHRA adopters being businesses that previously offered no health insurance.

The Ambient platform facilitates:

• Easy ICHRA plan establishment
• Customized plan document generation
• Election and substantiation management
• Streamlined payment administration