Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events We have evaluated subsequent events and determined that no events or transactions met the definition of a subsequent event for purposes of recognition or disclosure in the accompanying unaudited consolidated financial statements except as disclosed in Note 9 Income Taxes and included herein. On July 31, 2025, the Company entered into a credit agreement which provides 1) a $1,000 million senior secured first lien term loan facility and 2) a $100.0 million senior secured revolving credit facility. Proceeds from the term loan were used to refinance the existing credit facilities under the 2024 Credit Agreement, to accelerate payments of certain deferred considerations related to prior acquisitions, acquisition of non-controlling interests in one of the Company's subsidiaries and the remainder will be used for corporate purposes. The revolving credit facility remained undrawn. The Company is in the process of evaluating this transaction in accordance with ASC 470. On July 31, 2025, the Company accelerated the timing of payment of deferred consideration related to the Plastiq acquisition. The total payment was $19.0 million. On July 31, 2025, the Company purchased the noncontrolling interest in it's subsidiary Plastiq, Powered by Priority, LLC., for $6.0 million.
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