Silver Point Leads $500M Term Loan for Repay's Kubra Acquisition
RPAY•Silver Point Capital led a $500 million term loan financing, including a $100 million revolving credit facility, to fund Repay’s acquisition of Kubra Data Transfer and repay its revolver. Kubra serves over 40% of US and Canadian households with bill payment and communication solutions, enhancing Repay’s transaction processing platform.
1. Financing Structure
Silver Point Capital’s Direct Lending business led the financing package, including a $500 million term loan and a $100 million revolving credit facility. Silver Point serves as Documentation Agent, while Truist Securities acted as Sole Lead Arranger and Administrative Agent.
2. Acquisition of Kubra
Repay announced the definitive agreement on March 30, 2026, and completed the acquisition of Kubra Data Transfer on June 1, 2026. Kubra provides bill payment and communication management solutions to over 250 clients, reaching more than 40% of households in the US and Canada.
3. Strategic Rationale
The acquisition combines Repay’s integrated payment processing platform with Kubra’s consumer billing expertise, creating a scaled provider of vertical-specific payment and communication services. The deal aims to enhance service offerings for utilities, government and insurance sectors.
4. Capital Impact
Proceeds will fund the acquisition and repay Repay’s existing revolving credit facility, improving its debt maturity profile. The new financing is expected to support growth initiatives and provide greater financial flexibility for the combined entity.
