World Kinect prices $300M 3.250% convertible notes due 2028; upsized from $250M

WORLD KINECT CORP

Notes bear 3.250% interest, mature July 1, 2028; initial conversion price ~$28.43 (27.5% premium over $22.30 close).
Net proceeds ~$291M ($339.5M if $50M greenshoe exercised); used to repay revolver, fund hedge cost, and repurchase ~2.24M shares for $50M.
Entered convertible note hedge and warrant transactions; warrant strike $40.14 per share (80% premium).
Option for initial purchasers to buy up to $50M additional notes within 13 days of issuance.

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