Andrew Bauch

Craig Maurer

Darrin Peller

James Faucette

Ramsey El-Assal

Tien-tsin Huang

Bryan Keane

James Friedman

Alexander Markgraff

David Koning

Dominick Gabriele

Rufus Hone

William Nance

Sanjay Sakhrani

Timothy Chiodo

Clarke Jeffries

Steven Kwok

- TPG and Corpay completed the acquisition of AvidXchange Holdings, Inc. on **October 15, 2025**, for **$10.00 per share**, valuing the company at approximately **$2.2 billion**.  **[1858257_0001193125-25-239635_d49921dex991.htm:1]** 
- As a result of the acquisition, AvidXchange shares have ceased trading and are no longer publicly listed on the Nasdaq Global Select Market, with trading suspended prior to the opening on **October 15, 2025**.  **[1858257_0001193125-25-239635_d49921dex991.htm:1]** **[1858257_0001193125-25-239635_d49921d8k.htm:8]** 
- TPG acquired a **majority interest** in AvidXchange through TPG Capital, while Corpay acquired a **minority interest**.  **[1858257_0001193125-25-239635_d49921dex991.htm:1]** 
- The company became a wholly owned subsidiary of Parent (Arrow Borrower 2025, Inc.) and entered into a new credit agreement, including a **$440.0 million Term Loan Facility** and a **$60.0 million Revolving Credit Facility**.  **[1858257_0001193125-25-239635_d49921d8k.htm:0]** **[1858257_0001193125-25-239635_d49921d8k.htm:1]** **[1858257_0001193125-25-239635_d49921d8k.htm:9]**

AvidXchange Holdings, Inc. Acquisition Completed by TPG and Corpay

AvidXchange Holdings (AVDX)