Welcome to our dedicated page for Repay Hldgs news (Ticker: RPAY), a resource for investors and traders seeking the latest updates and insights on Repay Hldgs stock.
Repay Holdings Corp (RPAY) delivers innovative payment processing technology for businesses and consumers through its integrated electronic solutions. This dedicated news hub provides investors and industry professionals with direct access to official corporate announcements, financial disclosures, and strategic developments.
Our curated collection features essential updates including quarterly earnings reports, merger & acquisition activity, product launches, and leadership changes. Users gain timely insights into RPAY's evolving position in the competitive fintech landscape, particularly regarding its consumer payment platforms and enterprise transaction solutions.
All content is organized chronologically for efficient tracking of corporate milestones. Key focus areas include developments in mobile payment processing, risk management innovations, and expansion of merchant service offerings. Bookmark this page to maintain current awareness of RPAY's progress in shaping secure, multi-channel transaction ecosystems.
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.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a technology integration partnership with LiveVox, enhancing customer experiences by offering digital payment options and processing capabilities. This collaboration enables accounts receivable and collections teams to accept various payment methods, such as credit and debit cards and ACH payments, 24/7 within the LiveVox platform. The partnership aims to improve agent performance and meet growing customer preferences for digital transactions, benefitting both B2B and B2C markets.
Repay Holdings Corporation (NASDAQ: RPAY) has announced a strategic partnership with the Strategic Regional Healthcare Organization (SRHO), enhancing payment solutions for healthcare providers. This collaboration, facilitated through CPS Payment Services, will deliver automation capabilities for accounts payable disbursements, optimizing efficiencies and generating cost savings. CPS's TotalPay platform will help healthcare clients achieve significant monthly cash rebates, reportedly up to 50% higher than traditional bank programs. The partnership aims to alleviate payment processing complexities and improve the financial performance of health system members.
Repay Holdings Corporation (NASDAQ: RPAY) announced participation in two upcoming virtual investor conferences. On December 1, 2020, management will host a fireside chat at the Wells Fargo TMT Summit at 12:40 PM ET. The following day, December 2, 2020, they will participate in the Credit Suisse 24th Annual Technology Conference, starting at 10:10 AM ET. Both discussions will be webcasts available on the Company's investor relations website, where archived sessions can also be accessed for 90 days.
REPAY specializes in integrated payment processing solutions tailored to specific transaction needs.
