03:23 AM EST, 12/31/2024 (MT Newswires) -- Waystar Holding ( WAY ) said late Monday it has amended its first lien credit agreement with its lenders, repricing its term loan and increasing its revolving credit facility.

Under the updated agreement, the term loan will now carry a reduced interest rate of adjusted SOFR plus 2.25%, down from the previous adjusted SOFR plus 2.75%, the healthcare care payment software provider said.

Waystar ( WAY ) said it will increase its revolving credit facility capacity to $400 million, up from $342.5 million, and lower the rate to adjusted SOFR +1.75%, down from adjusted SOFR +2.25%.

The company said it expects the changes to reduce its borrowing costs.