Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WEX Inc. amended term loan of $1.4 billion with Bank of America, N.A. at 1.00% for base rate borrowings and 2.00% for term SOFR borrowings.
- Instrument
- term loan
- Principal
- $1.4 billion
- Counterparty
- Bank of America, N.A.
- Rate
- 1.00% for base rate borrowings and 2.00% for term SOFR borrowings
- Event
- amendment
Exact text from the filing
“Amended Credit Agreement”). The Fourth Amendment, amends certain terms of the Existing Credit Agreement, including without limitation, to reprice the Company’s approximately $1.4 billion of existing tranche B term loans, in connection with the issuance of new tranche B term loans in the same amount. The Fourth Amendment reduces the applicable interest rate margin
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WEX Inc. amended Fourth Amendment to Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent on behalf of the lenders valued at approximately $1.4 billion (effective 2024-01-22).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent on behalf of the lenders
- Value
- approximately $1.4 billion
- Effective
- 2024-01-22
Exact text from the filing
On January 22, 2024, WEX Inc. (the “Company”) and certain of its subsidiaries entered into the Fourth Amendment to Amended and Restated Credit Agreement (the “Fourth Amendment”), which amends that certain Amended and Restated Credit Agreement, dated as of April 1, 2021
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