The company obtained a new $250-million term loan and a $45-million revolving credit agreement during the quarter, along with raising $155 million through a stock offering. Revenue for the most recently ended period was $63.9. million, compared to $51.1 million a year ago. The company noted payment volume increased 36.8 percent year over year. During this week’s earnings webcast, CEO Jeff Hack referred to the quarter as having solid results.
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PAYA REVS RISE 25 PERCENT Featured
Payments company Paya turned in a 25-percent increase for the second quarter ended June 30. However, costs associated with a debt refinancing produced a $3.-million loss for the most recently ended period, compared to earnings of $600,000 a year earlier.
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