Paya Holdings Inc. (PAYA) Prices 20M Share Offering at $12.25/Sh

Paya Holdings Inc. (NASDAQ: PAYA) today announced the pricing of the previously announced public offering of 10,000,000 shares of common stock by the Company and 10,000,000 shares of common stock by the selling stockholder, at a public offering price of $12.25 per share. In addition, the selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of Paya’s common stock. The offering is expected to close on March 22, 2021, subject to customary closing conditions.

Paya intends to use any net proceeds from the sale of its common stock for general corporate purposes, which may include future acquisitions. Paya will not receive any proceeds from the sale of shares by the selling stockholder.

Morgan Stanley and Credit Suisse are acting as lead book-running managers and representatives of the underwriters for the proposed offering. Evercore ISI, Raymond James and William Blair are acting as book-running managers for the proposed offering. BTIG, Canaccord Genuity, Cantor Fitzgerald, D.A. Davidson & Co., Northland Capital Markets, Academy Securities, Loop Capital Markets, Penserra Securities LLC and Tigress Financial Partners are acting as co-managers for the proposed offering.

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