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06.11.25 - 13:36
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Priority Technology Holdings, Inc. Reports Third Quarter Financial Results (Business Wire)
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Third Quarter Performance Driven by Strength of Unified Commerce Platform
ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), the payments and banking solution that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, today announced its third quarter 2025 financial results including strong year-over-year diversified revenue growth.
"Our third quarter results reflect the strength and diversification of Priority's Connected Commerce platform, with over 6% revenue growth and 10% adjusted gross profit growth,” said Tom Priore, Chairman and CEO of Priority. “Our ability to connect payments and treasury solutions across our diverse business segments delivered over 18% revenue growth for Treasury Solutions and 14% growth for Payables, while adjusted gross profit margins expanded by nearly 140 basis points. In addition to the solid financial results, we had several key operational ...
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02.10.25 - 14:33
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Priority Technology Holdings, Inc. Announces Strategic Asset Acquisition (Business Wire)
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ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc., (NASDAQ: PRTH) the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the successful closing of the acquisition of certain assets of DMSJV, LLC (“Dealer Merchant Services” or ”DMS”). A portion of the acquisition consideration was financed with a $35 million increase to the Company's $1.0 billion broadly syndicated term loan.
Priority acquired substantially all of the assets, including the revenue agreements and customer relationships of DMS, a leading vertically focused reseller in the auto and truck dealership sector, in the transaction. The Dealer Merchant Services leadership team of Amberly Allen and Laura Sherman will join Priority.
“We are excited to add the team at Dealer Merchant Services and its vertically focused integrated software and distribution in the automotive dealership arena to Priority,” said Tom Priore, Chairman a...
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19.08.25 - 22:06
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Priority Technology Holdings, Inc. Announces Strategic Asset Acquisition and Secures $50 Million Financing Facility (Business Wire)
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ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the successful closing of the acquisition of certain assets of Boom Commerce (“Boom”) and the closing of a new $50 million residual financing credit facility.
Priority acquired the revenue agreements and customer relationships of Boom, an existing reseller partner of Priority, in the transaction. Boom's leadership team of Sabin Burrell (CEO) and John Hynes (COO) will join Priority.
“Boom Commerce is a seamless addition to our direct sales channel. Their proven ability to attract enterprise customers and sell value added services is well positioned to advance our product sales initiative,” said Tom Priore, Chairman and CEO of Priority. “We expect the acquisition of Boom to provide approximately $5 million of incrementa...
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07.08.25 - 13:33
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Priority Technology Holdings, Inc. Reports Second Quarter Financial Results (Business Wire)
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Strong Second Quarter Growth Driven by Performance Across Unified Commerce PlatformALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), the payments and banking solution that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, today announced its second quarter 2025 financial results including strong year-over-year diversified revenue growth.
"Our strong second quarter results reflect the continued success of Priority's Connected Commerce platform, with over 9% revenue growth and 13% adjusted gross profit growth," said Tom Priore, Chairman & CEO of Priority. "Importantly, our ability to connect payments and banking solutions across our diverse business segments delivered over 30% growth in adjusted gross profit for B2B and over 20% growth in Enterprise, while adjusted gross profit from recurring revenue represents 62% of total. This strong momentum and high level of vi...
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04.08.25 - 14:36
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Priority Technology Holdings, Inc. Announces Closing of New Senior Credit Facilities with Lower Interest Rate (Business Wire)
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ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the successful closing of $1.1 billion in new senior credit facilities, consisting of a $1 billion term loan with a 7-year maturity and a $100 million revolving credit facility with a 5-year maturity.
The loan proceeds will be used to refinance existing debt, to satisfy outstanding obligations related to the 2023 acquisition of Plastiq, to fund strategic growth initiatives and for general corporate purposes. As a result of the financing, the Company lowered the interest rate on the term loan by 100 basis points compared to its existing debt and extended the term loan maturity to 2032.
“This significant refinancing strengthens our balance sheet, improves our cash flow and provides Priority with enhanced financial flexibility to...
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23.07.25 - 22:48
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Priority Technology Holdings, Inc. To Announce Second Quarter 2025 Financial Results on August 7, 2025 (Business Wire)
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ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced that it will release its second quarter 2025 financial results on Thursday, August 7, 2025, before markets open. The Company will host a conference call and webcast to discuss its financial and operating results at 10:00 AM ET the same day. A question-and-answer session will follow.
Second Quarter 2025 Conference Call
Thursday, August 7, 2025
10:00 AM Eastern Time
Phone: US/Canada: 833-636-1319 or International: 412-902-4286
Internet webcast link and accompanying slide presentation can be accessed at https://viavid.webcasts.com/starthere.jsp?ei=1725531&tp_key=078fc7a00a and will also be posted in the “Investor Relations” section of the Company's website at www.prioritycommerce.com/investors.
An audio replay of the call will be availabl...
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23.06.25 - 14:36
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Priority Technology Holdings, Inc. Announces New $40 Million Share Repurchase Authorization (Business Wire)
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ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), the payments and banking fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, today announced that its Board of Directors has approved a new $40 million share repurchase program of the Company's outstanding stock.
"Our new share repurchase program reflects our confidence in Priority's robust business fundamentals and long-term growth potential,” said Tom Priore, Priority's Chairman and Chief Executive Officer. “As we continue to execute on our unified commerce strategy and drive growth across our SMB, B2B, and Enterprise segments, we believe share repurchases represent an effective capital allocation tool that provides a compelling opportunity to enhance shareholder value while maintaining the financial flexibility to invest in strategic growth initiatives."
Under the authorization, the Company may repurchase shares...
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