AB Private Credit Investors (AB-PCI) served as Documentation Agent and was a meaningful holder of the term loan in a $225 million senior secured credit facility ($25 million revolver and $200 million term loan) that supported the management-led recapitalization of Priority Holdings, LLC.
About Priority Holdings: Priority Holdings is the 8th largest U.S. non-bank merchant acquirer. The Company provides payment processing and business solutions to small and mid-sized businesses through its Priority Payment Systems brand and provides commercial payment solutions to larger, institutional clients through its Priority B2B brand. Priority Holdings is headquartered in Alpharetta, Georgia and is led by an experienced group of payments executives.
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