World Kinect closes $350M 3.250% convertible notes due 2028; repurchases 2.24M shares

WORLD KINECT CORP

Closed $350M of 3.250% convertible senior notes due 2028; initial offering upsized from $250M.
Initial purchasers fully exercised $50M option; total offering $350M.
Repurchased 2.24 million shares of common stock using part of the proceeds.
Effective conversion price of ~$40.14 represents 80% premium over $22.30 closing price on pricing date.
Remaining net proceeds to repay revolving credit facility and for general corporate purposes.

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