WORLD KINECT CORP (WKC): debt financing — World Kinect extends $2B credit facility to 2030, ups revolver to $1.65B

WORLD KINECT CORP

Revolving commitments increased from $1.50B to $1.65B; new $350M term loan replaces $500M original term loan; total capacity unchanged at $2.0B.
Maturity extended from April 2027 to November 2030, with a one-year extension option subject to lender consent.
Pricing improved: Term SOFR margin 1.50%-2.125%; commitment fee range lowered to 0.225%-0.300%.
Proceeds from new term loan plus ~$93M cash used to repay original term loan and fees.
Financial and other covenants modified to provide greater operating flexibility.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WORLD KINECT CORP amended credit facility of $1.65 billion with Bank of America, N.A. at Term SOFR Loans and Alternative Currency Loans, and between 0.5% and 1.125% for maturing November 10, 2030.

Instrument: credit facility
Principal: $1.65 billion
Counterparty: Bank of America, N.A.
Rate: Term SOFR Loans and Alternative Currency Loans, and between 0.5% and 1.125% for
Maturity: November 10, 2030
Event: amendment

Exact text from the filing

increase the aggregate revolving credit facility commitments from $1.50 billion to $1.65 billion; (ii) replace the existing term loan in the original principal amount of $500 million (the “Original Term Loan”) with a new term loan in the original principal amount of $350 million (the “New Term Loan”), thereby maintaining the total borrowing capacity under the credit facility at $2.0 billion; (iii) modify the pricing of the loans and related fees

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Source: SEC EDGAR

accession 0001193125-25-280505

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