Silver Point Capital announced that its Direct Lending business led a $500 million term loan financing in connection with REPAY’s acquisition of KUBRA. Silver Point is serving as the documentation agent in the transaction.
The total financing consists of a $100 million revolving credit facility and a $500 million term loan. The financing supported REPAY’s acquisition of KUBRA and the repayment of REPAY’s existing revolving credit facility.
REPAY announced its definitive agreement to acquire KUBRA on March 30, 2026, and completed the acquisition on June 1, 2026.
KUBRA is a provider of bill payment and customer communication management solutions for utility, government, and insurance organizations across North America. The company reaches more than 40% of households in the United States and Canada and serves more than 250 clients.
REPAY provides integrated payment processing solutions for verticals with specific transaction processing needs. Its proprietary payment technology platform is designed to reduce the complexity of electronic payments for clients while improving the experience for consumers and businesses.
Silver Point said the financing supports the combination of two complementary businesses and positions the combined company as a scaled consumer bill-payment provider.
Silver Point is a global credit investing firm founded in 2002. The firm oversees more than $48 billion in investable assets across public and private credit strategies. Its Direct Lending business manages more than $18 billion in investable assets.
Support: Truist Securities acted as the sole lead arranger on the term loan and will serve as the administrative agent.
KEY QUOTES:
“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.”
Anthony DiNello, Head of Direct Lending at Silver Point Capital