REPAY Announces Acquisition of Payix
The Company Also Announces Upsizing of Revolver Capacity
ATLANTA–(BUSINESS WIRE)–Jan. 3, 2022– Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced it has acquired Payix for up to $115 million. The acquisition was financed with cash on hand and available revolver capacity. REPAY also announced the upsizing of its revolver capacity by $60 million, increasing its existing $125 million Revolving Credit Facility to $185 million.