Waystar Holding Corp. has announced a repricing of its first lien term loan, achieving more favorable financial terms that enhance its strategic growth initiatives. The repricing, driven by strong lender demand, reduces the interest rate to adjusted SOFR +2.00%, a 25-basis-point decrease. Additionally, Waystar will add $250 million in incremental term loans to support the acquisition of Iodine Software. This move underscores the company's strong cash flow and ability to de-lever, while maintaining a stable debt outlook as reaffirmed by S&P, Moody's, and Fitch.
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