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.

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