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Get filing alertsRepay shortens term loan maturity by one year to June 2032 in credit agreement amendment
Filed June 15, 2026 · Period ending June 12, 2026 · ~1 min read
Key Changes
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Term loan maturity reduced by one year to June 1, 2032 (from June 1, 2033) during post-closing syndication of recently-established credit facilities; aggregate commitments and interest rate margins unchanged.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Amendment also revised springing maturity provisions tied to the company's 2.875% convertible senior notes due 2029.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Filing creates a direct financial obligation under the amended credit agreement with Truist Bank as administrative agent.
Item 2.03 — Creation of a Direct Financial Obligation verify on EDGAR →
Summary
Repay amended its credit agreement less than two weeks after establishing it, shortening the term loan maturity by one year to June 2032. The change occurred during post-closing syndication—a routine process where the original lender sells participations to other banks. The company states that aggregate commitments and interest rate margins remain unchanged, so the maturity reduction does not appear to reflect deteriorating credit terms or lender concerns.
The amendment also adjusted springing maturity provisions linked to Repay's 2.875% convertible notes due 2029, though the filing does not detail those changes. For retail holders, the one-year maturity pull-in is a modest shift in the debt profile—it accelerates the repayment schedule slightly but does not materially alter near-term liquidity or capital structure. The quick amendment suggests the terms were negotiated as part of the syndication process rather than a response to new developments.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 also reports this as a direct financial obligation (body incorporates the primary Item by reference).
Added in current filing · verify on EDGAR →
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 2.03.
The company also filed this under Item 2.03, which means it is reporting the arrangement as a direct financial obligation. The Item 2.03 text refers back to the Item 1.01 entry for the terms rather than restating them.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 12, 2026, Hawk Parent Holdings LLC (the “Borrower”), a subsidiary of Repay Holdings Corporation (the “Company”), entered into the First Amendment to Credit Agreement (the “Amendment”) to the Credit Agreement, dated as of June 1, 2026 (the “Credit Agreement”), among the Borrower, the Company, the guarantors party thereto, the lenders party thereto and Truist Bank, as administrative agent.
Repay's subsidiary Hawk Parent Holdings amended its recently-established credit agreement (dated June 1, 2026) with Truist Bank as administrative agent. The amendment was executed in connection with post-closing syndication of the credit facilities.
Added in current filing · verify on EDGAR →
Among other changes, the Amendment modifies the maturity provisions applicable to the term loan facility, including reducing the stated maturity of the term loan facility by one year, from June 1, 2033 to June 1, 2032, and revising certain provisions relating to the springing maturity applicable to the Company’s 2.875% Convertible Senior Notes due 2029.
The term loan maturity was shortened by one year to June 1, 2032 (from June 1, 2033). The amendment also revised provisions relating to a springing maturity tied to the company's 2.875% convertible notes due 2029. The aggregate commitments and interest rate margins remain unchanged.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify