{"schema_version":"secwatch.filing_event.v1","accession":"0001309108-24-000013","form_type":"8-K","ticker":"WEX","cik":"0001309108","company_name":"WEX Inc.","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.728348+00:00","generated_at":"2026-06-06T17:54:19.222319+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"WEX reprices $1.4B term loans, reducing SOFR margin by 25 bps and removing credit spread adjustment","bullets":["Repriced approximately $1.4B of existing tranche B term loans via Fourth Amendment to credit agreement.","Interest rate margin reduced from 1.25% to 1.00% for base rate borrowings and from 2.25% to 2.00% for SOFR borrowings.","Credit spread adjustment on SOFR borrowings removed; all other terms remain substantially unchanged.","Amendment effective January 22, 2024; executed with Bank of America as administrative agent and Wells Fargo as Additional Term B-1 Lender."],"urls":{"canonical":"https://secwatch.observer/filing/0001309108-24-000013","json":"https://secwatch.observer/filing/0001309108-24-000013.json","markdown":"https://secwatch.observer/filing/0001309108-24-000013.md","text":"https://secwatch.observer/filing/0001309108-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1309108/000130910824000013/0001309108-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1309108/000130910824000013/wex-20240122.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T17:54:19.222319+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"49a768e11336d3263dd44e2dba22ef9cdc659cea","claim":"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.","evidence_excerpt":"“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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1309108/000130910824000013/0001309108-24-000013-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1.4 billion"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"1.00% for base rate borrowings and 2.00% for term SOFR borrowings"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"78ad807c8d4c2bf55014de57cd151ab1d56cf808","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1309108/000130910824000013/0001309108-24-000013-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent on behalf of the lenders"},{"label":"Value","value":"approximately $1.4 billion"},{"label":"Effective","value":"2024-01-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}