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Priority Technology Holdings, Inc. Announces Strategic Asset Acquisition

1. PRTH closed the acquisition of DMSJV, enhancing revenue opportunities. 2. A $35 million term loan increase supports the acquisition financing.

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+0.12%S&P 500
$6.8810/02 08:37 AM EDTEvent Start
$6.8310/02 11:11 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition aligns with PRTH's growth strategy, similar to previous expansions that boosted stock performance. Historical acquisitions have shown a positive correlation with share price appreciation.

How important is it?

The article highlights a strategic acquisition, a critical component influencing PRTH's future growth and market perception. Such developments typically attract investor interest.

Why Short Term?

The immediate benefits of the acquisition may be realized in the upcoming quarters, influencing both revenue and market confidence in a matter of months.

Related Companies

DMSJV
ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc., (NASDAQ: PRTH) the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the successful closing of the acquisition of certain assets of DMSJV, LLC (“Dealer Merchant Services” or ”DMS”). A portion of the acquisition consideration was financed with a $35 million increase to the Company's $1.0 billion broadly syndicated term loan. Priority a.

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