World Kinect announces $250M convertible note offering due 2028, $50M stock buyback

WORLD KINECT CORP

Offers $250M principal of Convertible Senior Notes due 2028, with option for additional $37.5M.
Notes mature July 1, 2028; interest rate and conversion terms set at pricing.
Proceeds used to repay revolver, fund convertible hedge cost, and repurchase up to $50M of common stock.
Enters convertible note hedge and warrant transactions to reduce dilution and offset cash payments.
Notes offered privately to QIBs under Rule 144A; not registered under Securities Act.

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