---
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"
generated_at: "2026-06-06T17:54:19.222319+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# WEX reprices $1.4B term loans, reducing SOFR margin by 25 bps and removing credit spread adjustment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001309108-24-000013
- JSON: https://secwatch.observer/filing/0001309108-24-000013.json
- Plain text: https://secwatch.observer/filing/0001309108-24-000013.txt

## Key facts
- Debt Financings
  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
  source text: “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_url: https://www.sec.gov/Archives/edgar/data/1309108/000130910824000013/0001309108-24-000013-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1309108/000130910824000013/0001309108-24-000013-index.htm

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