04:31 PM EDT, 07/08/2024 (MT Newswires) -- Repay Holdings ( RPAY ) said Monday it has closed its offering of $287.5 million of its 2.875% convertible senior notes due 2029, including the full exercise of over-allotment option.

"The transaction fortifies our balance sheet by addressing $220.0 million principal amount of our 2026 maturities, while providing us with financial flexibility to continue focusing on profitable growth and cash generation," said CEO John Morris.