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      "text": "Expect net leverage ratio(4) of less than 3x upon (and giving effect to) the closing of the transaction",
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      "text": "1. Based on 2023 consensus estimates according to FactSet, assuming the full benefit of estimated run-rate cost savings are taken in consideration, but excluding integration-related costs required to realize such cost synergies estimated at approximately $4.5M in aggregate. Paya's Net Income for the LTM period ended September 30, 2022 was $9M. 2. Integration-related costs required to realize such cost synergies estimated at approximately $4.5M in aggregate. 3. Senior secured pari passu first lien reducing revolving credit facility. Maturity is expected to be coterminous with Nuvei's existing term loan facility. 4. Defined as the ratio of consolidated net debt outstanding (outstanding credit facilities less cash), to consolidated adjusted EBITDA, calculated in accordance with the terms of Nuvei's credit agreement.",
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