secwatch / observer
8-K filed August 14, 2023, 7:59 PM ET ticker WEX CIK 0001309108
other material confidence high sentiment neutral materiality 0.70

WEX repurchases all $310M convertible notes from Warburg Pincus for $370M cash

WEX Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WEX Inc. amended Second Amendment to Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent (effective 2023-08-10).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A., as administrative agent
Effective
2023-08-10
Exact text from the filing
On August 10, 2023, the Company entered into the Second Amendment to Amended and Restated Credit Agreement (the “Second Amendment”), which amends that certain Amended and Restated Credit Agreement, dated as of April 1, 2021, by and among the Company and certain of its subsidiaries, as borrowers, the lenders party thereto from time to time, and Bank of America, N.A., as administrative agent on behalf of the lenders
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WEX Inc. entered into Repurchase Agreement with WP Bronco Holdings, LLC, an affiliate of funds managed by Warburg Pincus LLC valued at $310.0 million in aggregate principal amount (effective 2023-08-11).

Action
entry
Agreement
notes offering
Counterparty
WP Bronco Holdings, LLC, an affiliate of funds managed by Warburg Pincus LLC
Value
$310.0 million in aggregate principal amount
Effective
2023-08-11
Exact text from the filing
On August 11, 2023, WEX Inc. (the “Company”) entered into a privately negotiated repurchase agreement (the “Repurchase Agreement”) with WP Bronco Holdings, LLC, an affiliate of funds managed by Warburg Pincus LLC (the “Noteholder”), to repurchase all of the outstanding $310.0 million in aggregate principal amount (the “Repurchase”) of the Company’s outstanding 6.50% Convertible Senior Notes due 2027 (the “Convertible Notes”)
View on SEC.gov

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WEX Inc. filing history →

Source: SEC EDGAR
accession 0001628280-23-029176
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