{"id":56413,"date":"2026-01-05T05:03:54","date_gmt":"2026-01-05T10:03:54","guid":{"rendered":"https:\/\/www.dailypay.com\/press-center\/press-releases\/dailypay-announces-new-usd195-million-senior-secured-revolving-credit\/"},"modified":"2026-01-05T05:03:54","modified_gmt":"2026-01-05T10:03:54","slug":"dailypay-announces-new-usd195-million-senior-secured-revolving-credit","status":"publish","type":"post","link":"https:\/\/www.dailypay.com\/press-center\/press-releases\/dailypay-announces-new-usd195-million-senior-secured-revolving-credit\/","title":{"rendered":"DailyPay Announces New $195 Million Senior Secured Revolving Credit Facility"},"content":{"rendered":"

NEW YORK, Jan. 5, 2026 \/PRNewswire\/ — DailyPay<\/u><\/a>, the leading On-Demand Pay platform and financial wellness solution, today announced the closing on December 30, 2025 of a new $195 million senior secured revolving credit facility, further strengthening the company's capital position and providing greater financial flexibility to support long term growth.<\/p>\n

"This new facility strengthens our balance sheet, enhances our financial flexibility and enables us to make focused investments in our future growth," said Deepa Subramanian, Chief Financial Officer, DailyPay. "The additional financing demonstrates the strength and scalability of our business model and validates the critical role DailyPay holds in modernizing the employee pay experience."<\/p>\n

JPMorgan Chase Bank, N.A. serves as administrative agent and sole bookrunner for the lender group.<\/p>\n

About DailyPay
\n<\/strong>DailyPay is the leader in On-Demand Pay, trusted by the most forward-thinking employers committed to enhancing their employees' financial health. Our open technology platform can deliver instant access to earned wages and a robust suite of financial wellness solutions, giving our partners a decisive edge in attracting, engaging, and retaining top talent. We are transforming how the world gets paid so every worker can meet life's moments with confidence. Learn more at www.dailypay.com\/press<\/u><\/a>.<\/p>\n

Media Contacts<\/strong><\/p>\n

Samantha Padilla
\nsamantha.padilla@dailypay.com<\/u><\/a><\/p>\n

Julia Carr
\njulia.carr@dailypay.com<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Jan. 5, 2026 \/PRNewswire\/ — DailyPay, the leading On-Demand Pay platform and financial wellness solution, today announced the closing on December 30, 2025 of a new $195 million senior secured revolving credit facility, further strengthening the company's capital position and providing greater financial flexibility to support long term growth. 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