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Paya Holdings Inc. (NASDAQ: PAYA) announced the pricing of a $250 million senior secured term loan and a $45 million revolving credit facility. The term loan is set at 99.5% of the principal amount, bearing interest at LIBOR plus 3.25%. Proceeds will be used to refinance existing debt, aimed at improving financial flexibility, reducing interest expenses, and extending debt maturity. The transaction is expected to close by early July, subject to customary conditions.
Paya Holdings Inc. (NASDAQ: PAYA) announced its upcoming inclusion in the Russell 2000 and Russell 3000 indices, effective June 28, 2021. This milestone is aimed at enhancing shareholder engagement and broadening exposure to global investors. The Russell indices are widely used benchmarks for active investment strategies and manage approximately $10.6 trillion in assets. Paya, a leader in integrated payment solutions, processes over $35 billion in annual payment volume, serving over 100,000 customers across various sectors.
Paya (Nasdaq: PAYA) has achieved certification for Acumatica’s 2021 R1 update, enhancing its integrated payment solutions across all Acumatica ERP editions.
This certification strengthens Paya’s partnership with Acumatica, enabling features like e-invoicing and recurring billing. Paya processes over $35 billion annually in payment volume and serves more than 100,000 customers.
The company aims to improve back-office efficiency with streamlined receivables and offers dedicated onboarding support alongside its integrated suite.
Paya Holdings Inc. (NASDAQ: PAYA) announced plans to refinance its $228 million term loan due 2027 and $25 million revolving credit facility due 2025. The refinancing will involve a new $250 million seven-year term loan and a $45 million five-year revolving credit facility, which is expected to remain undrawn at closing. This initiative aims to enhance financial flexibility, reduce interest expenses, and extend debt maturities. The completion is anticipated by late June or early July 2021, but is subject to market conditions and negotiations.
Paya Holdings, a leader in integrated payment solutions, will participate in two upcoming virtual investor conferences. The Baird 2021 Global Consumer, Technology & Services Conference is scheduled for June 9, 2021, at 11:25 am EDT. Following this, Paya will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2021, at 9:30 am EDT. Both presentations will be webcast live, with replays available on their investor relations website.
Paya processes over $35 billion in annual payment volume, serving more than 100,000 customers across various sectors.
Paya Holdings (NASDAQ: PAYA), a leading provider of integrated payment solutions, announced participation in two upcoming virtual investor conferences. CEO Jeff Hack and senior management will attend the Barclays Emerging Payments and Fintech Forum on May 20, 2021, and the William Blair 41st Annual Growth Stock Conference on June 1, 2021, with a presentation scheduled at 9:00 AM EDT. The presentations will be webcast live and available for replay on the company's investor relations website. Paya processes over $35 billion in annual payment volume and serves over 100,000 customers across various sectors.
Paya Holdings (NASDAQ: PAYA) reported strong Q1 2021 results with 24.1% growth in payment volume, reaching $9.5 billion. Total revenue increased 12.4% to $55.3 million. The Integrated Solutions segment generated $32.9 million in revenue, up 11.9%, while Payment Services rose 13.2% to $22.4 million. Gross profit margin improved to 52.7%, with net income of $1.0 million, a turnaround from last year’s loss. The company also provided a positive revenue outlook of $242M - $248M for 2021, bolstered by the recent acquisition of Paragon Payment Solutions.
Paya (NASDAQ: PAYA) has announced a strategic partnership with AccountingSuite, aimed at enhancing payment processes for clients. This collaboration will integrate Paya's payment technology into AccountingSuite's offerings, resulting in simplified billing, payment management, and robust reporting features for card and ACH processing. Paya's commitment to customer service is highlighted as a key factor in ensuring a smooth upgrade experience for users. With an annual payment volume of over $35 billion, Paya serves a diverse client base across various sectors, positioning itself as a leading provider in the payment processing industry.
Paya Holdings Inc. (NASDAQ: PAYA) announced it will release its Q1 2021 financial results on May 7, 2021, prior to market open. CEO Jeff Hack and CFO Glenn Renzulli will conduct a conference call at 8:00 AM EDT the same day to discuss these results. Investors can access the call via a live webcast on the Paya website or by dialing in. Paya is a leading provider of integrated payments and commerce solutions, processing over $35 billion in annual payment volume and serving more than 100,000 customers across various sectors.
Paya Holdings Inc. (NASDAQ: PAYA) has acquired Paragon Payments Solutions, enhancing its position in the healthcare and non-profit sectors. Founded in 1994, Paragon processes approximately $1.5 billion in annual payment volume and complements Paya's existing capabilities. This strategic acquisition marks Paya's fourth, reinforcing its growth strategy through integrated payment providers and expected to yield accretive financial returns. CEO Jeff Hack emphasized the synergy and potential for accelerated growth, with more details to be shared in the upcoming earnings call.
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