This record is sourced from an 8-K exhibit (Exhibit 99.1), the joint press release of Nuvei and Paya dated January 9, 2023, as filed with the SEC. At the time of filing the deal had just been signed and was presumably pending customary closing conditions and regulatory approvals, though this exhibit does not state an expected close date.
Barclays Capital Inc. served as the lead financial advisor to Nuvei on the acquisition, with the release stating: "Barclays Capital Inc. is serving as the lead financial advisor to Nuvei." BMO Capital Markets, RBC Capital Markets and Evercore Group LLC also provided financial advice to Nuvei in supporting roles. On the target's side, J.P. Morgan Securities LLC and Raymond James & Associates, Inc. served as financial advisors to Paya.
Legal counsel to Nuvei was provided by Davis Polk & Wardwell LLP and Stikeman Elliott LLP, while Kirkland & Ellis LLP served as Paya's legal advisor.
On financing, the release notes that Bank of Montreal and Royal Bank of Canada provided committed financing to Nuvei for the transaction, and references a senior secured pari passu first lien reducing revolving credit facility expected to be coterminous with Nuvei's existing term loan facility, along with roughly 4.5 million dollars in aggregate fees related to certain financing arrangements. Not disclosed in this exhibit: the expected or actual closing date of the transaction, the precise amount of debt financing arranged relative to cash on hand, and any termination fee or regulatory approval conditions specific to this deal.