---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001022"
form_type: "8-K"
ticker: "WKC"
cik: "0000789460"
company_name: "WORLD KINECT CORP"
filed_at: "2023-06-22T23:59:59+00:00"
generated_at: "2026-06-13T19:30:47.526097+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-001022
- form_type: 8-K
- ticker: WKC
- cik: 0000789460
- company_name: WORLD KINECT CORP
- filed_at: 2023-06-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789460/000115752323001022/0001157523-23-001022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789460/000115752323001022/a53427959.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001022
- JSON: https://secwatch.observer/filing/0001157523-23-001022.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001022.txt

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