{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-023518","form_type":"8-K","ticker":"WKC","cik":"0000789460","company_name":"WORLD KINECT CORP","filed_at":"2023-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.233053+00:00","generated_at":"2026-06-13T16:40:37.113076+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"World Kinect issues $350M of 3.250% convertible notes due 2028; hedges dilution","bullets":["Issued $300M initial plus $50M option-exercise notes; 3.250% coupon, maturity July 1, 2028.","Initial conversion price ~$28.43 per share; conversion rate 35.1710 shares per $1,000 principal.","Entered convertible note hedge and warrant transactions covering ~12.3M shares each; warrant strike $40.14.","Net proceeds ~$336.5M; used $50M to repurchase 2.24M shares at $22.30 per share.","Remaining proceeds earmarked for revolving credit facility repayment and general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-023518","json":"https://secwatch.observer/filing/0001628280-23-023518.json","markdown":"https://secwatch.observer/filing/0001628280-23-023518.md","text":"https://secwatch.observer/filing/0001628280-23-023518.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/789460/000162828023023518/0001628280-23-023518-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/789460/000162828023023518/int-20230621.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T16:40:37.113076+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":"c392122b91ce240c2ea25ff88b2b00c8ba5ff48f","claim":"WORLD KINECT CORP incurred convertible notes of $300 million aggregate principal amount with Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several initial purchasers at 3.250% maturing July 1, 2028.","evidence_excerpt":"Inc., as representatives of the several initial purchasers named on Schedule I thereto (the “Initial Purchasers”), pursuant to which the Company agreed to issue and sell $300 million aggregate principal amount of its 3.250% Convertible Senior Notes due 2028 (the “Initial Notes”). In addition, the Company granted the Initial Purchasers an option to purchase up","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/789460/000162828023023518/0001628280-23-023518-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$300 million aggregate principal amount"},{"label":"Counterparty","value":"Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several initial purchasers"},{"label":"Rate","value":"3.250%"},{"label":"Maturity","value":"July 1, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"30ea8fb3b2553d27d25198afca741a390456f0c0","claim":"WORLD KINECT CORP entered into Purchase Agreement with Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several initial purchasers valued at $300 million aggregate principal amount (effective 2023-06-21).","evidence_excerpt":"On June 21, 2023, World Kinect Corporation (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) with Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several initial purchasers named on Schedule I thereto (the “Initial Purchasers”), pursuant to which the Company agreed to issue and sell $300 million aggregate principal amount of its 3.250% Convertible Senior Notes due 2028","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/789460/000162828023023518/0001628280-23-023518-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several initial purchasers"},{"label":"Value","value":"$300 million aggregate principal amount"},{"label":"Effective","value":"2023-06-21"}],"fact_type":"material_agreement"},{"claim_id":"fd39c4faf3364771e075e96ecde86b8b0dc90792","claim":"WORLD KINECT CORP entered into Indenture with U.S. Bank Trust Company, National Association (effective 2023-06-26).","evidence_excerpt":"On June 26, 2023, the Company entered into an indenture (the “Indenture”) governing the terms of the Notes, between the Company and U.S. Bank Trust Company, National Association, as trustee","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/789460/000162828023023518/0001628280-23-023518-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Effective","value":"2023-06-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}