Waystar announces term loan repricing and credit rating upgrades from Fitch, Moody's, and S&P Global [Yahoo! Finance]
Waystar Holding Corp. (WAY)
Company Research
Source: Yahoo! Finance
LEHI, Utah and LOUISVILLE, Ky. June 27, 2024 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today announced that it has entered into an amendment to its first lien credit agreement (the "amended credit agreement") with its lenders to reprice term loans. Under the terms of the amended credit agreement, the term loan borrowings will now carry a reduced interest rate of adjusted SOFR +2.75%, compared to the previous interest rate of adjusted SOFR +4.00%. The amended credit agreement is expected to reduce Waystar's cost of borrowing and allow for interest expense savings. This action follows Waystar's initial public offering on June 7, 2024 , with the net proceeds used to reduce debt. Following the offering, Fitch Ratings upgraded Waystar's long-term issuer default rating to 'BB' from 'B' with a positive outlook. Moody's Ratings upgraded Waystar's senior secured rating to 'B1' from 'B3' with a stable outlook, and S&P Global Ratin
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WAY
News
- Waystar announces term loan repricing and credit rating upgrades from Fitch, Moody's, and S&P GlobalPR Newswire
- Waystar Shares Dip After 2024's Biggest IPO by a US Company [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Waystar Prices IPO at Midpoint to Raise $968 Million [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Waystar Announces Pricing of Initial Public OfferingPR Newswire
WAY
Sec Filings
- 6/27/24 - Form 8-K
- 6/12/24 - Form 8-K
- 6/12/24 - Form 4
- WAY's page on the SEC website