Priority Holdings amends existing credit facility with syndicate of financial institutions led by Truist Bank

Client(s) Priority Technology Holdings, Inc.

Jones Day represented Priority Holdings, LLC, a direct wholly-owned subsidiary of Priority Technology Holdings, Inc. (PRTH), a solutions-provider in the BaaS industry, in connection with an amendment to its existing credit facility with a syndicate of financial institutions led by Truist Bank, pursuant to which, among other things, Priority Holdings (i) repriced almost $1 billion of existing term loans, (ii) established new incremental term loan commitments in an aggregate principal amount of $50 million, and (iii) established new revolving credit commitments in an aggregate principal amount of $30 million.