secwatch.observer — SEC 8-K summary
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Issuer:     WEX Inc. (WEX)
CIK:        0001309108
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001309108-24-000013
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309108/000130910824000013/0001309108-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309108/000130910824000013/wex-20240122.htm
  HTML page:      https://secwatch.observer/filing/0001309108-24-000013

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