Paya Holdings Inc. Announces Completion of Exchange Offer and Solicitation of Consents and Notices … | New


ATLANTA, September 15, 2021 (GLOBE NEWSWIRE) – Paya Holdings Inc. (NASDAQ: PAYA) (“Paya” or the “Company”) today announced the completion of its previously announced exchange offer (the “Offer exchange ”) and solicitation of consent (the“ Consent Solicitation ”) relating to its outstanding warrants (the“ Warrants ”) to purchase common shares, with a par value of $ 0.001 per share, of the Company (the “ordinary shares”). The Company has also entered into the related amendment to the Warrant Agreement governing the Warrants (the “Warrant Amendment”).

The Company has also announced that it will exercise its right, pursuant to the terms of the Warrants Amendment, to exchange any remaining undeposited warrants at an exchange ratio of 0.234 common shares for each warrant. . The Company has set the date for this exchange at September 30, 2021. Following this exchange, no public or private warrants will remain in circulation.

The Company has engaged Evercore Group LLC as Dealer Manager for the exchange offer and the consent solicitation.

This press release is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities described herein, nor is it a solicitation of the related consents. The Exchange Offer and the Solicitation of Consents have been made only in accordance with the terms and conditions of the Prospectus / Exchange Offer and the related letter of transmittal.

About Paya Holdings Inc.

Paya (NASDAQ: PAYA) is a leading provider of integrated frictionless payment and commerce solutions that help customers accept and complete payments, speed receipt of money, and increase operational efficiency. . The company processes over $ 40 billion in annual credit / debit card, ACH, and check payment volume, making it one of the top 20 payment processing providers in the United States. Paya serves more than 100,000 customers through more than 2,000 key distribution partners focused on targeted high growth verticals such as healthcare, education, nonprofits, government, utilities and other B2B end markets. The company has built its foundation on offering robust integrations into front-end CRM and back-end accounting systems to improve customer experience and workflow. Paya is headquartered in Atlanta, GA, with offices in Reston, VA, Fort Walton Beach, FL, Dayton, OH, Mt. Vernon, OH, Dallas, TX and Tempe, AZ.

Forward-looking statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words ” anticipate “,” believe, “” pursue “,” could “,” estimate “,” expect “,” intend “,” could “,” could “,” plan “,” possible “,” potential “,” predict “,” project “,” should “,” should “,” will “,” about “,” must “and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and others. important factors, many of which are beyond our control, which could lead to s actual results or results differ materially from those referred to in forward-looking statements. Forward-looking statements contained in this press release may include, for example, the completion of the exchange of the remaining warrants in accordance with the amendment of the warrants.

The forward-looking statements contained in this press release are based on our current expectations and beliefs regarding future developments and their potential effects on us. You should not place undue reliance on such statements as we cannot assure you that future developments affecting us will be those we anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. If one or more of these risks or uncertainties materialize, or if any of our assumptions prove to be incorrect, actual results could differ in material respects from those projected in these forward-looking statements. Certain factors that could cause actual results to differ include, but are not limited to: our ability to successfully redeem the remaining warrants in accordance with the amendment to the warrants; exposure to economic conditions and political risks affecting the consumer loan market and consumer and business spending; the impacts of the ongoing COVID-19 coronavirus pandemic and the measures taken to control or mitigate its spread (which impacts are highly uncertain and cannot be reasonably estimated or predicted at this time); competetion; the ability of our business to grow and manage its growth profitably; changes in applicable laws or regulations; changes in the payment processing market in which Paya competes, including with respect to its competitive landscape, evolving technology or regulatory changes; changes in vertical markets targeted by Paya; risks associated with Paya’s relationships within the payment ecosystem; the risk that Paya may not be able to execute its growth strategies, including identifying and completing acquisitions; data security risks; changes in accounting policies applicable to Paya; the risk that Paya may not be able to develop and maintain effective internal controls and other risks and uncertainties; and other risks and uncertainties discussed in our filings with the Securities and Exchange Commission.

We assume no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Investor Contact: Matt Humphries, CFA Head of Investor Relations [email protected]

Copyright 2021 GlobeNewswire, Inc.


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