On July 10, 2024 (the ?Closing Date?), Repay Holdings Corporation (the ?Company?) and certain of its subsidiaries entered into a Second Amended and Restated Revolving Credit Agreement (the ?Amended Credit Agreement?) with certain financial institutions, as lenders, and Truist Bank, as administrative agent. The Amended Credit Agreement amends and restates the Amended and Restated Revolving Credit Agreement (the ?Prior Credit Agreement?), dated as of February 3, 2021 (as amended, supplemented and/or modified from time to time prior to the effectiveness of the Amended Credit Agreement), by and among certain subsidiaries of the Company, financial institutions parties thereto as lenders, and Truist Bank, as administrative agent. The Prior Credit Agreement consisted of a senior secured revolving credit facility in the aggregate principal amount of $185.0 million.

The Amended Credit Agreement establishes a $250.0 million senior secured revolving credit facility (the ?Facility?) in favor of Hawk Parent Holdings LLC (?Hawk Parent?), which is a subsidiary of the Company. The Facility is guaranteed by the Company and certain of its subsidiaries. The Facility is secured by a first priority security interest in substantially all tangible and intangible property of the Company and certain of its subsidiaries.

The Amended Credit Agreement permits Hawk Parent to increase the principal amount of the Facility subject to lender commitments and other restrictions and conditions.