The 2.875% convertible notes are due 2029

Davis Polk acted as special product counsel to the representative of the several initial purchasers in connection with a Rule 144A offering by Repay Holdings Corporation of an aggregate principal amount of $287.5 million of its 2.875% convertible senior notes due 2029, which included $27.5 million principal amount of notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. In addition, Davis Polk advised counterparties to capped call transactions in connection with the convertible notes offering.

Repay provides integrated payment processing solutions to verticals that have specific transaction processing needs. Repay’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.

The Davis Polk equity derivatives team included partner Mark J. DiFiore, counsel Hanbing Zhang and associates Danielle Forni, Lindsey B. Meyers-Perez, Melissa X. Estrada and Ari Spitzer. The tax team included partner Aliza Slansky and associates Tyler Scheiner and Bradford Sherman. All members of the Davis Polk team are based in the New York office.

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