NORCROSS, Ga.--(BUSINESS WIRE)--Aug. 3, 2017--
FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global provider of
commercial payment solutions, announced today the successful upsizing of
its senior secured credit facilities of approximately $709 million and
extension of the credit facilities as well. The lenders have agreed to
an amendment that increases the Term A Loan to $2.690 billion, increases
the Revolver Loans to $1.285 billion and increases the Term B Loan to
$350.000 million. The Term A and Revolver maturity dates are now August
2, 2022 and the Term B maturity date is now August 2, 2024. The Term A
and Revolver pricing remains the same, currently Libor plus 175 basis
points, and the Term B pricing was reduced by 25 basis points to Libor
plus 200 basis points.
FLEETCOR Technologies (NYSE: FLT) is a leading global provider of
commercial payment solutions. The company helps businesses of all sizes
better control, simplify and secure payment of their fuel, toll, lodging
and other general payables. With its proprietary payment acceptance
networks, FLEETCOR provides affiliated merchants with incremental sales
and loyalty. FLEETCOR serves businesses, partners and merchants in North
America, Latin America, Europe, and Australasia. For more information,
please visit www.FLEETCOR.com.
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Source: FLEETCOR Technologies, Inc.
FLEETCOR Technologies, Inc.