Priority Holdings amends existing credit facility with financial institution

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 financial institution, pursuant to which, among other things, new incremental terms loans were established in an aggregate principal amount of $115 million. The proceeds of the incremental term loans were used, in part, to redeem 100% of PRTH's outstanding senior preferred stock.