Benzinga | Sep 21, 2021 01:24PM EDT

Priority Technology Completes Finxera Acquisition For $375M Cash, $54.3M In Stock

* Priority Technology Holdings Inc (NASDAQ:PRTH) completed the acquisition of Finxera Holdings Inc on September 17, via its subsidiary Prime Warrior Acquisition Corp, for $375 million in cash and 7.6 million shares.

* The 7.6 million shares were worth $54.3 million as per Priority's September 20 closing price of $7.15.

* Priority also increased the amount of the delayed draw term loan facility under the Credit Agreement by $30 million.

* Priority held $29.3 million in cash and equivalents as of June 30.

* Price Action:PRTH shares traded lower by 0.69% at $7.10 in the market session on the last check Tuesday.