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Repay Holdings Corporation provides integrated payment processing solutions for vertical markets with specialized transaction needs. The company’s proprietary platform supports electronic payment channels such as mobile app, text, interactive voice response, virtual terminal, hosted payment page and online customer portal, with activity reported across Consumer Payments and Business Payments.
REPAY news commonly covers quarterly results, adjusted EBITDA and free cash flow metrics, segment trends, enterprise client implementations, Digital Wallet capabilities and payment-channel adoption. Corporate updates also include governance matters such as stockholder rights, board responses to unsolicited proposals, executive leadership changes and capital-structure actions tied to its Class A common stock.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a technology integration with Virtual Benefits Administrator (VBA) to enhance payment solutions within the healthcare sector. This two-way integration allows insurance companies to pay healthcare providers directly from the VBA system, expediting payments and improving transparency in the claims process. REPAY's platform offers Third Party Administrators (TPAs) full visibility into claims from initiation to settlement, streamlining the payment process and reducing delays.
Repay Holdings Corporation (NASDAQ: RPAY) announced that Co-Founder and CEO John Morris, along with CFO Tim Murphy, will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2021, at 8:45am ET. The chat will be broadcast live on the Company's investor relations website, where an archive will be available for 90 days. REPAY specializes in providing integrated payment processing solutions, enhancing transaction experiences for businesses and consumers.
Repay Holdings Corporation (NASDAQ: RPAY) announced a conference call on March 1, 2021, at 5:00 PM ET to discuss its fourth quarter and full year 2020 financial results. The call will feature CEO John Morris and CFO Tim Murphy. A press release with the financial results will precede the call, issued after market close on the same day. Investors can access the call via the Company's investor relations website or by phone. A replay will be available for a week post-call.
About REPAY: REPAY specializes in integrated payment solutions tailored for specific transaction processing needs.
Repay Holdings Corporation (NASDAQ: RPAY) announced a partnership with PN3 Solutions to integrate payment processing capabilities into PN3's platform. This collaboration enables PN3's clients to automate outbound payments using virtual cards or ACH, enhancing efficiency in accounts payable (AP) operations. The integration supports various ERP systems, including Microsoft Dynamics and Sage. Senior executives from both companies highlighted the importance of streamlining payment workflows to improve cost savings and operational transparency.
Repay Holdings Corporation (NASDAQ: RPAY) announced the successful closing of a new undrawn $125 million senior secured revolving credit facility, replacing a prior $30 million facility. This move, along with recent offerings of convertible notes and Class A common stock, strengthens REPAY's position for future acquisitions. The CEO emphasized an active M&A pipeline targeting growth opportunities in underserved payment verticals. Truist Securities arranged the facility, with Truist Bank as the administrative agent.
REPAY Holdings Corporation (NASDAQ: RPAY) has announced a technology integration with Billtrust (NASDAQ: BTRS), enhancing its B2B payment solutions. Through this partnership, REPAY's clients can automate electronic payments to Billtrust's extensive network of suppliers, streamlining processes and promoting the use of virtual credit cards. REPAY aims to simplify vendor payments via a single interface, while Billtrust emphasizes the growing preference for digital payments in the service and supplier industry.
Repay Holdings Corporation (NASDAQ: RPAY) has announced the pricing of $400 million in 0.00% convertible senior notes due 2026, increasing from the previously stated $350 million. The offering is aimed at qualified institutional buyers and includes an option for initial purchasers to buy an additional $40 million. Notes will be convertible into shares at an initial rate of 29.7619 shares per $1,000 principal amount, equating to $33.60 per share. Proceeds will be used to repay term loans and for general corporate purposes. The closing is scheduled for January 19, 2021.
Repay Holdings Corporation (NASDAQ: RPAY) announced a public offering of 5,430,000 shares of its Class A common stock priced at $24.00 per share. The offering includes a 30-day option for underwriters to purchase up to 814,500 additional shares. Closing is slated for January 19, 2021, contingent on customary conditions. The net proceeds will be utilized for repaying term loans, funding general corporate purposes, and increasing the revolving credit facility's availability. The offering is made under an effective shelf registration statement filed with the SEC.
Repay Holdings Corporation (NASDAQ: RPAY) has commenced an underwritten public offering of $130 million in Class A common stock, with an additional $19.5 million option for underwriters. The net proceeds will be used primarily for repaying existing term loans and other corporate purposes, including potential acquisitions and working capital. Credit Suisse, Barclays, Citigroup, and Truist are managing the offering. This follows a previously filed effective shelf registration statement with the SEC.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a planned private offering of $350 million in convertible senior notes due 2026, with an option for initial purchasers to acquire an additional $52.5 million. These notes will be unsecured, with interest payable semi-annually, and can be converted into cash or shares of Class A common stock under certain conditions. The proceeds will primarily be used for repaying term loans and general corporate purposes. The completion of this offering is not guaranteed and depends on market conditions.