secwatch.observer — SEC 8-K summary
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Issuer:     WEX Inc. (WEX)
CIK:        0001309108
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001140361-25-006340
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEX prices $550M senior notes at 6.500%, upsized from $500M, to fund $750M stock buyback
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- Priced $550M aggregate principal of 6.500% senior unsecured notes due 2033, an increase of $50M from the previously announced $500M.
- Proceeds together with $450M incremental term loan B facility and cash on hand will fund a $750M tender offer for common stock and repay ~$250M of revolving credit facility.
- Closing expected on March 6, 2025, subject to customary closing conditions.
- If the tender offer is not consummated, proceeds will be used for general corporate purposes including share repurchases and credit facility repayment.
- Notes offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309108/000114036125006340/0001140361-25-006340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309108/000114036125006340/ny20044175x4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-006340

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