Silver Point Leads $500 Million Term Loan Financing Supporting Acquisition of KUBRA by REPAY

Rhea-AI Summary

Repay (NASDAQ: RPAY) secured a $500 million term loan led by Silver Point Capital to support its acquisition of KUBRA. The financing package totals $600 million, including a $100 million revolving credit facility, and also funded repayment of REPAY's prior revolver.

The KUBRA acquisition, signed March 30, 2026 and closed June 1, 2026, adds a bill payment and customer communication provider reaching over 40% of households in the United States and Canada and serving more than 250 utility, government, and insurance clients.

Positive

• $500 million term loan secured to fund KUBRA acquisition
• $100 million revolving credit facility provides ongoing liquidity
• Financing also repays REPAY's existing revolving credit facility
• Acquisition of KUBRA completed on June 1, 2026
• KUBRA platform reaches over 40% of US and Canadian households
• KUBRA serves more than 250 utility, government, and insurance clients

Negative

• New $500 million term loan increases REPAY's debt obligations

News Market Reaction – RPAY

+1.22%

8 alerts

+1.22% News Effect

+$4M Valuation Impact

$312.06M Market Cap

0.5x Rel. Volume

On the day this news was published, RPAY gained 1.22%, reflecting a mild positive market reaction. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $4M to the company's valuation, bringing the market cap to $312.06M at that time.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details how a $500 million term loan and $100 million revolver supported REPAY’s $...

Analysis

This announcement details how a $500 million term loan and $100 million revolver supported REPAY’s $372 million acquisition of KUBRA, reinforcing the debt-financed structure first outlined in March. Historically, acquisition-tag news around KUBRA produced mixed short-term moves, with an average -5.28% reaction. Investors may focus on how this leverage profile interacts with 2026 guidance, integration execution, and ongoing activist attention highlighted in recent Schedule 13D/A filings.

Key Figures

Term loan: $500 million Revolver size: $100 million KUBRA purchase price: $372 million +5 more

8 metrics

Term loan $500 million Silver Point-led term loan financing for KUBRA acquisition

Revolver size $100 million Revolving credit facility in total financing package

KUBRA purchase price $372 million Cash acquisition value for KUBRA

2026 revenue guidance $490–500 million REPAY full-year 2026 guidance including KUBRA

2026 Adj. EBITDA $168.5–176 million Full-year 2026 Adjusted EBITDA guidance including KUBRA

KUBRA 2026 revenue $150–154 million KUBRA expected revenue over remaining seven months of 2026

KUBRA 2026 Adj. EBITDA $27.5–30 million KUBRA expected Adjusted EBITDA over remaining seven months of 2026

Q1 2026 revenue $80.8 million REPAY Q1 2026 revenue, up 4% year-over-year

Previous Acquisition Reports

3 past events · Latest: Jun 01 (Positive)

Same Type Pattern 3 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 01	Acquisition completion	Positive	-2.5%	Closed $372M cash acquisition of KUBRA and updated 2026 guidance.
Apr 13	Acquisition reaffirmed	Positive	+3.3%	Management reiterated commitment to KUBRA deal and outlined strategic benefits.
Mar 30	Acquisition agreement	Positive	-16.7%	Announced agreement to acquire KUBRA with committed term loan and revolver.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Acquisition-related headlines for KUBRA have often seen negative initial reactions, with 2 of 3 prior acquisition-tag events trading down despite strategic positioning.

Recent Company History

Over recent months, REPAY has progressed the KUBRA deal from announcement on Mar 30, 2026 through activist scrutiny to closing on Jun 1, 2026. Acquisition-tag news has produced mixed reactions, including a -16.67% move on the initial agreement and -2.48% on completion, alongside a +3.32% gain when management reiterated commitment and financing support. Today’s financing release fits into this broader KUBRA integration and funding narrative.

Key Terms

term loan, revolving credit facility, direct lending, investable assets

4 terms

term loan financial

"led a $500 million term loan financing in connection with the acquisition"

A term loan is a type of loan that is borrowed for a set period of time, with a fixed schedule for repaying the money, usually in regular payments. It matters to investors because it represents a company's borrowing costs and financial stability; reliable repayment of these loans can indicate strong financial health, while difficulties may signal potential risks.

revolving credit facility financial

"consists of a $100 million revolving credit facility and a $500 million term loan"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

direct lending financial

"its Direct Lending business led a $500 million term loan financing"

Direct lending is when investors or investment funds lend money straight to companies instead of those companies borrowing from traditional banks. It matters to investors because it can offer higher interest income than public bonds or bank deposits, much like lending money to a neighbor for a premium, but it also carries greater credit risk and lower liquidity since the loans are often private and harder to sell.

investable assets financial

"Silver Point oversees over $48 billion in investable assets across a comprehensive credit platform"

Investable assets are items or claims that an individual or institution can realistically buy, sell or hold to try to earn a financial return—such as stocks, bonds, cash, real estate that can be sold, or funds. They matter to investors because they determine what can be used to build a portfolio, balance risk and reward, and meet goals; think of them as the sellable tools in a toolbox, not the sentimental items you wouldn’t trade.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GREENWICH, Conn., June 17, 2026 /PRNewswire/ -- Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business led a $500 million term loan financing in connection with the acquisition by Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY"), a leading provider of integrated payment processing solutions, of Kubra Data Transfer LTD. ("KUBRA"). Silver Point is serving as Documentation Agent in the transaction.

The total financing, which consists of a $100 million revolving credit facility and a $500 million term loan, funded the acquisition of KUBRA as well as supported the repayment of REPAY's existing revolving credit facility.

KUBRA is a leading provider of bill payment and customer communication management solutions serving some of the largest utility and government entities, touching over 40% of households in the United States and Canada. REPAY is a leading provider of integrated payment processing solutions to verticals that have specific transaction processing needs.

"This financing supports REPAY's acquisition of KUBRA and brings together two complementary, vertical-leading businesses," said Anthony DiNello, Head of Direct Lending at Silver Point Capital. "Silver Point is pleased to lead the facility and help structure a solution that supports the combined company as a scaled consumer bill payment provider."

REPAY announced the definitive agreement to acquire KUBRA on March 30, 2026, and completed the acquisition on June 1, 2026.

Truist Securities acted as Sole Lead Arranger on the term loan and will serve as the Administrative Agent.

About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.

About KUBRA
KUBRA, founded in 1992 and headquartered in Mississauga, Ontario, is an industry-leading provider of customer experience management solutions to some of the largest utility, government, and insurance entities in North America. KUBRA's platform offering includes billing and payments, alerts and preference management, artificial intelligence solutions, mobile apps, and utility mapping solutions. KUBRA reaches over 40% of households in the United States and Canada, providing performance-driven value to more than 250 clients and their customers.

About Silver Point
Silver Point is a leading global credit investing firm founded in 2002. With a dedicated team of over 400 employees, Silver Point oversees over $48 billion in investable assets across a comprehensive credit platform that includes public and private investment strategies. Silver Point's Direct Lending business works in close partnership with both private equity-backed and sponsor-less borrowers, with a flexible mandate designed to allow clients to execute on M&A, refinancings and growth capital, among a range of transaction types. Silver Point's Direct Lending business manages over $18 billion in investable assets. For more information, please visit www.silverpointcapital.com.

Media Contact: SilverPoint@kekstcnc.com

View original content:https://www.prnewswire.com/news-releases/silver-point-leads-500-million-term-loan-financing-supporting-acquisition-of-kubra-by-repay-302803388.html

SOURCE Silver Point Capital

FAQ

What is the purpose of Silver Point's $500 million term loan for REPAY (NASDAQ: RPAY)?

The $500 million term loan finances REPAY's acquisition of KUBRA and related needs. According to Silver Point, the facility also supports repayment of REPAY's existing revolving credit line as part of a $600 million overall financing package.

How large is the total financing package for REPAY's acquisition of KUBRA (RPAY)?

The total financing package is $600 million, combining a term loan and revolver. According to Silver Point, it includes a $500 million term loan and a $100 million revolving credit facility to fund the KUBRA purchase and repay REPAY's prior revolver.

When did REPAY (NASDAQ: RPAY) sign and close its acquisition of KUBRA?

REPAY signed the definitive agreement to acquire KUBRA on March 30, 2026 and closed June 1, 2026. According to REPAY, the Silver Point-led financing supported completion of this transaction and the integration of KUBRA's bill payment capabilities.

What does KUBRA provide to REPAY after the 2026 acquisition (RPAY)?

KUBRA adds bill payment and customer experience management solutions focused on utilities, government, and insurance. According to KUBRA, its platform covers billing, payments, alerts, AI, mobile apps, and mapping, reaching over 40% of US and Canadian households and serving 250+ clients.

Who arranged the term loan financing for REPAY's KUBRA acquisition (RPAY)?

Silver Point Capital led the $500 million term loan and serves as Documentation Agent. According to Silver Point, Truist Securities acted as Sole Lead Arranger on the term loan and will serve as Administrative Agent for the financing supporting the KUBRA deal.

How does the KUBRA acquisition change REPAY's position in consumer bill payments (RPAY)?

The deal combines REPAY's integrated payments platform with KUBRA's bill payment and communication reach. According to Silver Point, the financing supports the combined company as a scaled consumer bill payment provider serving major utility and government entities across North America.