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BRIEF-Repay To Acquire Integrated Payments Provider Billingtree For $503 Million

05/10/2021 16:57
BRIEF-Repay To Acquire Integrated Payments Provider Billingtree For $503 Million

- Repay Holdings Corp RPAY.O:

  • REPAY TO ACQUIRE INTEGRATED PAYMENTS PROVIDER BILLINGTREE FOR $503 MILLION

  • REPAY HOLDINGS CORP - ACQUISITION WILL BE FINANCED WITH APPROXIMATELY $275 MILLION IN CASH FROM REPAY'S BALANCE SHEET

  • REPAY HOLDINGS CORP - ACQUISITION WILL BE FINANCED WITH $228 MILLION IN NEWLY ISSUED SHARES OF REPAY CLASS A COMMON STOCK TO BE ISSUED TO SELLER

  • REPAY HOLDINGS CORP - EXPECTS TO REALIZE ANNUALIZED SYNERGIES OF APPROXIMATELY $5 MILLION BY 2022 FROM DEAL

  • REPAY HOLDINGS CORP - PARTHENON CAPITAL, BILLINGTREE'S MAJORITY OWNER, WILL OWN ABOUT 10% OF CO'S OUTSTANDING STOCK FOLLOWING CLOSING OF TRANSACTION

Source text for Eikon: ID:nBwxZRQ7a

Further company coverage: RPAY.O


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