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FLEETCOR® Upsizes Credit Facility by $600 million; Establishing 10b5-1 Plan to Repurchase Shares
FLTFleetCor(FLT) Businesswire·2024-02-07 21:05

ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that it successfully closed on an amendment to its pro rata Term Loan A and Revolver A credit facilities. The transaction was leverage neutral and results in a 600millionincreaseintheCompanyscapacityunderitsfacilities.ThisamendmentresultedinanincreasetotheCompanysrevolverfrom600 million increase in the Company’s capacity under its facilities. This amendment resulted in an increase to the Company’s revolver from 1.5 billion to $1.775 billion. In addition, the Company increased its borrowings und ...