---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001041"
form_type: "8-K"
ticker: "WKC"
cik: "0000789460"
company_name: "WORLD KINECT CORP"
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:40:25.247773+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-001041
- form_type: 8-K
- ticker: WKC
- cik: 0000789460
- company_name: WORLD KINECT CORP
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789460/000115752323001041/0001157523-23-001041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789460/000115752323001041/a53434924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001041
- JSON: https://secwatch.observer/filing/0001157523-23-001041.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001041.txt

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