Paya Announces Proposed Debt Refinancing

Paya Holdings Inc. (NASDAQ: PAYA) (“Paya” or the “Company”), a leading provider of integrated payment and commerce solutions, today announced plans to refinance its outstanding $228 million term loan facility due 2027 and $25 million revolving credit facility due 2025.

The Company anticipates refinancing the facilities with the proceeds of a new seven-year $250 million term loan and a five-year $45 million revolving credit facility expected to be undrawn at closing. The objectives of the refinancing are to increase the Company’s financial flexibility, reduce interest expense and extend its debt maturity.  The terms of the proposed refinancing will be disclosed upon the completion of the transaction, which is expected to occur in late June or early July.

The proposed refinancing is subject to ongoing negotiation of definitive documentation for the term loan and revolving credit facilities as well as market conditions. There can be no assurances that the refinancing will occur, or, if it does, the terms of the refinancing.

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