Repay (RPAY) investor relations material

Deal rationale and strategic fit

• Acquisition creates a leading bill payment provider with a comprehensive end-to-end platform, expanding into utilities, government, insurance, and other resilient, non-discretionary verticals across North America.

• The combination leverages complementary expertise in payment processing, billing, and communication, enhancing client value and technology integration.

• Access to a $2.75 trillion addressable market and over 250 clients, reaching more than 40% of US and Canadian households.

• Accelerates entry into non-discretionary, recurring billing verticals, diversifying revenue and expanding market reach.

• Enhances cross-sell opportunities and distribution channels, supporting long-term growth.

Financial terms and conditions

• All-cash transaction valued at $372 million, funded by cash on hand, a $500 million term loan, and a $100 million undrawn revolving credit facility.

• Combined 2025 revenue projected at $548 million and Adjusted EBITDA at $178 million.

• Net leverage expected at 4.0x at closing, targeted to fall below 3.0x within 18 months.

Synergies and expected cost savings

• Identified $15 million+ in annual run-rate expense synergies and $5 million+ in technology/platform savings by 2028.

• Additional revenue opportunities of $5 million+ expected by 2028 from cross-selling and platform integration.

• Streamlining operations, automating functions, and platform migration to drive efficiencies.

• Transaction expected to be 25% accretive to free cash flow by 2028.