Repay Holdings Corp 8-K

What Happened

• On June 12, 2026, Hawk Parent Holdings LLC (the Borrower), a subsidiary of Repay Holdings Corp, entered into a First Amendment to the Credit Agreement (filed as Exhibit 10.1) with Truist Bank as administrative agent and the lender parties. The Amendment was made in connection with post‑closing syndication of the credit facilities.
• The Amendment does not change the aggregate commitments under the credit facilities or the interest rate margins. It does, however, reduce the stated maturity of the term loan facility by one year, from June 1, 2033 to June 1, 2032, and revises certain provisions relating to the springing maturity applicable to Repay’s 2.875% Convertible Senior Notes due 2029. Except as amended, the Credit Agreement remains in full force and effect.

Key Details

• Date of Amendment: June 12, 2026 (Credit Agreement dated June 1, 2026).
• Parties: Hawk Parent Holdings LLC (Borrower), Repay Holdings Corp (parent), Truist Bank (Administrative Agent), and lender parties.
• Material changes: term loan maturity shortened by one year (2033 → 2032); revisions to provisions tied to the Company’s 2.875% Convertible Senior Notes due 2029.
• No change to total facility commitments or interest rate margins; the amendment was part of post‑closing syndication. Certain schedules/exhibits to the agreement were omitted from the filed copy per Regulation S‑K.

Why It Matters

• The one‑year reduction in the term loan maturity accelerates the scheduled date by which principal is due, which could affect Repay’s longer‑term repayment timeline and refinancing planning.
• Because the amendment leaves the facility size and interest margins unchanged, the company’s borrowing capacity and stated cost of borrowing under the facility remain the same as disclosed.
• The revised springing maturity language tied to the 2029 convertible notes is a direct change to how those notes could interact with the credit facility; investors should review the filed amendment (Exhibit 10.1) for details and monitor future disclosures for any covenant or liquidity impacts.