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.