Paysafe falls on forecast cut amid debt refinancing
BUZZ-Paysafe falls on forecast cut amid debt refinancing
** Shares of payments platform Paysafe PSFE.N down 17% to $6.5 in morning trading session
** Co on Thursday cut FY26 adjusted EPS forecast to $1.90 - $2.03 from $2.12 - $2.32 due to refinancing of existing term loan facilities, with settlement of funds due on August 17, 2026
** The refinancing transaction includes a new $650.9 million term loan facility and a new €478.4 million term loan facility, each maturing in June 2030
** Total adjusted EBITDA for Q2 decreased 2% to $102.8 million
** One of five analysts rate stock "buy", three "hold" and one "sell"; their median PT is $8.6 - data compiled by LSEG
** Including session move, stock down 18% YTD
(Reporting by Pragyan Kalita in Bengaluru)
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