Waystar refinances $1.17 billion term loans at lower rates; revolver grows to $400 million
Waystar subsidiaries signed Amendment No. 10 to the First Lien Credit Agreement on December 30, 2024, refinancing all $1,166,772,750 of existing term loans at lower interest rates. The revolving credit facility's maximum borrowing capacity also rose from $342.5 million to $400.0 million, and its interest rates were reduced. The filing states there was no change to the company's outstanding indebtedness, so the change mainly affects borrowing costs and available credit.
Key points
- Term loans of $1,166,772,750 refinanced at Adjusted Term SOFR plus 2.25%, down from 2.75%, with a 0.00% SOFR floor
- Revolving credit facility capacity increased from $342.5 million to $400.0 million
- Revolver initial rate cut to Adjusted Term SOFR plus 1.75%, from 2.25%, with later adjustments between 1.75% and 2.50% tied to leverage ratios
- A customary 1.00% premium applies if a Repricing Transaction occurs within six months of the Amendment No. 10 closing date
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 30, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.