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The redemption was completed with proceeds from a $115 million increase to its existing term loan due May 2031. The redemption totaled $113.3 million, including accrued but unpaid dividends of $2.6 million.The redemption of the remaining preferred stock follows Priority’s establishment of a new $835 million term loan and concurrent redemption of approximately $170 million of preferred stock in May 2024. 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The payment technology solutions provider posted revenue of $227 million for the quarter, along with a profit of $10.6 million or $0.07 per share, beating estimates of a $0.01 loss per share.The robust performance was driven by solid growth across the company's various business segments. 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