Paya Announces Pricing of $250 Million Term Loan and $45 Million Revolving Credit Facility

Paya Holdings Inc. (NASDAQ: PAYA) (“Paya” or the “Company”), a leading provider of integrated payment and commerce solutions, today announced the pricing of a seven-year, $250 million senior secured term loan and a five-year, $45 million senior secured revolving credit facility.

The term loan will be issued at 99.5% of the aggregate principal amount and will bear interest at a rate of LIBOR plus 3.25% with a 0.75% LIBOR floor and the revolving credit facility will bear interest at a rate of LIBOR plus 3.25% with no floor. The revolving credit facility is expected to be undrawn at closing. As previously disclosed, the Company intends to use the proceeds from the term loan to repay its outstanding term loan facility. The objectives of the refinancing are to improve the Company’s financial flexibility, reduce interest expense and extend its debt maturity.

The transaction is scheduled to close in late June or early July. The closing of the term loan and the revolving credit facility is subject to customary closing conditions.

About Paya

Paya (NASDAQ: PAYA) is a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies. The company processes over $35 billion of annual payment volume across credit/debit card, ACH, and check, making it a top 20 provider of payment processing in the US. Paya serves more than 100,000 customers through over 2,000 key distribution partners focused on targeted, high growth verticals such as healthcare, education, non-profit, government, utilities, and other B2B goods and services. The business has built its foundation on offering robust integrations into front-end CRM and back-end accounting systems to enhance customer experience and workflow. Paya is headquartered in Atlanta, GA, with offices in Reston, VA, Fort Walton Beach, FL, Dayton, OH, Mt. Vernon, OH, Dallas, TX and Tempe, AZ.

Investor Contact:

Matt Humphries, CFA
Head of Investor Relations
matt.humphries@paya.com

Media Contact:

Kerry Close
212-784-5717
kclose@groupgordon.com