GREENWICH, Connecticut — June 17, 2026
Executive Summary
Silver Point Capital has announced that its Direct Lending business led a $500 million term loan financing supporting REPAY Holdings Corporation‘s acquisition of KUBRA. The financing package, which also includes a $100 million revolving credit facility, funded the acquisition and supported the repayment of REPAY’s existing revolving credit facility. The transaction brings together REPAY’s integrated payment processing capabilities and KUBRA’s customer experience, billing, and payment solutions, creating a larger consumer bill payment platform serving customers across North America.
Announcement Overview
Silver Point Capital announced that its Direct Lending business led a financing package connected to REPAY Holdings Corporation’s acquisition of KUBRA, a provider of customer experience management, billing, and payment solutions. The financing consisted of a $500 million term loan and a $100 million revolving credit facility, supporting both the acquisition and the repayment of REPAY’s existing revolving credit facility. According to the announcement, the transaction combines two established businesses operating within the payments and customer engagement ecosystem. Silver Point served as Documentation Agent in the transaction, while Truist Securities acted as Sole Lead Arranger for the term loan and will serve as Administrative Agent.
Silver Point Leads $500 Million Term Loan Financing
Silver Point Capital stated that its Direct Lending business led a $500 million term loan financing in connection with REPAY Holdings Corporation’s acquisition of KUBRA Data Transfer LTD.
Key transaction highlights include:
- Lead Financing Provider: Silver Point Capital Direct Lending
- Term Loan Size: $500 million
- Revolving Credit Facility: $100 million
- Borrower: REPAY Holdings Corporation (NASDAQ: RPAY)
- Acquisition Target: KUBRA Data Transfer LTD.
- Documentation Agent: Silver Point Capital
- Sole Lead Arranger: Truist Securities
- Administrative Agent: Truist Securities
According to the announcement, the financing package was structured to facilitate the acquisition transaction while also supporting REPAY’s capital structure following the completion of the deal.
The transaction represents a significant financing commitment supporting the combination of two businesses operating in complementary areas of the payments and customer engagement market.
Financing Structure Supports Acquisition and Credit Facility Repayment
The announced financing package consists of two primary components:
- $500 million term loan
- $100 million revolving credit facility
According to Silver Point Capital, the financing proceeds were utilized for:
- Funding REPAY’s acquisition of KUBRA
- Supporting repayment of REPAY’s existing revolving credit facility
The structure was designed to provide acquisition financing while simultaneously supporting balance sheet and liquidity requirements associated with the transaction.
The financing package reflects the role of private credit and direct lending solutions in supporting strategic corporate acquisitions and business combinations across the financial technology and payments sectors.
REPAY Completes Acquisition of KUBRA
According to the announcement, REPAY Holdings Corporation announced a definitive agreement to acquire KUBRA on March 30, 2026.
The acquisition was subsequently completed on June 1, 2026.
Important transaction milestones include:
- Definitive Agreement Announced: March 30, 2026
- Acquisition Completed: June 1, 2026
- Financing Announcement: June 17, 2026
The acquisition combines REPAY’s integrated payment processing capabilities with KUBRA’s customer communication and bill payment technology platform.
The transaction expands REPAY’s presence within payment-enabled customer engagement and bill payment solutions serving utility, government, and other enterprise sectors.
KUBRA’s Position in Bill Payment and Customer Communications
According to the announcement, KUBRA is a leading provider of:
- Bill payment solutions
- Customer communication management solutions
The company serves some of the largest:
- Utility organizations
- Government entities
across North America.
Additional KUBRA platform capabilities include:
- Billing and payments
- Alerts and preference management
- Artificial intelligence solutions
- Mobile applications
- Utility mapping solutions
The company stated that its platform reaches:
- More than 40% of households in the United States and Canada
- More than 250 clients across North America
KUBRA’s customer base includes organizations seeking customer engagement, communication, and payment management capabilities through a unified technology platform.
The scale of KUBRA’s household reach highlights its established position within customer communications and digital payment interactions across utility and government environments.
REPAY’s Integrated Payment Processing Platform
According to the announcement, REPAY provides integrated payment processing solutions designed for industries and vertical markets with specialized transaction processing requirements.
The company stated that its proprietary technology platform is designed to:
- Reduce payment complexity
- Streamline electronic payment workflows
- Improve payment experiences
- Support businesses and consumers
REPAY focuses on delivering integrated payment capabilities tailored to industries that require specialized payment acceptance and transaction management solutions.
Through its payment technology platform, the company supports organizations seeking operational efficiency and improved payment experiences across customer-facing environments.
The acquisition of KUBRA further expands REPAY’s capabilities within bill payment and customer engagement ecosystems.
Company Commentary
Anthony DiNello
Head of Direct Lending, Silver Point Capital
“This financing supports REPAY’s acquisition of KUBRA and brings together two complementary, vertical-leading businesses. Silver Point is pleased to lead the facility and help structure a solution that supports the combined company as a scaled consumer bill payment provider.”
Silver Point stated that the financing supports the integration of two businesses operating in complementary segments of the payment and customer experience market.
The company also indicated that the financing solution was structured to support the combined organization following the acquisition.
Strategic Significance of the Transaction
According to the announcement, the acquisition brings together two organizations with complementary capabilities.
Areas of strategic alignment include:
- Consumer bill payment solutions
- Integrated payment processing
- Customer communications
- Digital engagement platforms
- Transaction processing infrastructure
- Utility and government payment ecosystems
The transaction combines REPAY’s payment technology platform with KUBRA’s customer communication and billing capabilities, creating a broader platform supporting consumer payment interactions.
The combined capabilities strengthen service offerings across customer engagement, payment acceptance, billing, and communication workflows.
The financing package led by Silver Point supports this strategic combination while providing capital structure support associated with the transaction.
Role of Silver Point Direct Lending
Silver Point stated that its Direct Lending business led the financing transaction.
According to the company, its Direct Lending platform works closely with:
- Private equity-backed borrowers
- Sponsor-less borrowers
The business maintains a flexible lending mandate designed to support various transaction types, including:
- Mergers and acquisitions
- Refinancings
- Growth capital initiatives
- Strategic corporate transactions
The REPAY-KUBRA transaction represents another example of the Direct Lending business supporting a significant corporate acquisition through customized financing solutions.
About REPAY
REPAY Holdings Corporation (NASDAQ: RPAY) provides integrated payment processing solutions for industries and markets with specialized transaction processing requirements.
According to the company, its proprietary integrated payment technology platform helps:
- Reduce complexity associated with electronic payments
- Improve transaction efficiency
- Enhance payment experiences
- Support both businesses and consumers
REPAY focuses on delivering payment technologies designed to address the operational needs of industry-specific transaction environments.
About KUBRA
KUBRA was founded in 1992 and is headquartered in Mississauga, Ontario.
The company provides customer experience management solutions to:
- Utility organizations
- Government entities
- Insurance providers
According to the announcement, KUBRA’s platform includes:
- Billing and payment solutions
- Customer alerts
- Preference management
- Artificial intelligence capabilities
- Mobile application solutions
- Utility mapping technologies
KUBRA reaches over 40% of households in the United States and Canada and delivers services to more than 250 clients across North America.
About Silver Point
Silver Point Capital is a global credit investing firm founded in 2002.
According to the company:
- More than 400 employees support its operations.
- The firm oversees more than $48 billion in investable assets.
- Its Direct Lending business manages more than $18 billion in investable assets.
Silver Point’s investment platform includes:
- Public credit strategies
- Private credit strategies
- Direct lending solutions
The firm’s Direct Lending business works with both sponsor-backed and sponsor-less borrowers, providing financing solutions for acquisitions, refinancings, growth initiatives, and other strategic transactions.
Silver Point Leads $500 Million Term Loan Financing Supporting Acquisition of KUBRA by REPAY.
Media Contact
For additional information, visit silverpointcapital.com.
Source Attribution
Source: Company announcement
