---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-007445"
form_type: "8-K"
ticker: "WEX"
cik: "0001309108"
company_name: "WEX Inc."
filed_at: "2025-03-06T23:59:59+00:00"
generated_at: "2026-05-25T05:14:58.144845+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# WEX closes $550M 6.500% notes due 2033 and $450M term loan, funds up to $750M share buyback

## Summary
- $550M aggregate principal of 6.500% senior unsecured notes due 2033 issued; interest payable semi-annually.
- $450M incremental Term Loan B-3 facility at SOFR + 1.75%, maturing March 6, 2032.
- Proceeds to fund tender offer for up to $750M of common stock, repay ~$250M revolver, and pay fees.
- Seventh Amendment raises restricted payments leverage ratio covenant from 2.75x to 3.50x.
- Notes are unsecured and effectively subordinated to existing secured indebtedness.

## SEC filing metadata
- accession: 0001140361-25-007445
- form_type: 8-K
- ticker: WEX
- cik: 0001309108
- company_name: WEX Inc.
- filed_at: 2025-03-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1309108/000114036125007445/0001140361-25-007445-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1309108/000114036125007445/ny20044175x8_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-007445
- JSON: https://secwatch.observer/filing/0001140361-25-007445.json
- Plain text: https://secwatch.observer/filing/0001140361-25-007445.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.