Priority Tech Closes New Credit Facilities at Lower Rate
Priority Technology Holdings, Inc., the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the successful closing of $1.1 billion in new senior credit facilities, consisting of a $1 billion term loan with a 7-year maturity and a $100 million revolving credit facility with a 5-year maturity. The loan proceeds will be used to refinance existing debt, to satisfy outstanding obligations related to the 2023 acquisition...