Cahill represented the lead arrangers in connection with a $300,000,000 Term A credit facility, $275,000,000 delayed draw Term A credit facility and a $25,000,000 delayed draw revolving credit facility for WEX Inc., a leading provider of corporate payment solutions.
Bank of America, N.A. acted as joint lead arranger and joint bookrunner and administrative agent on the tranaction.
Proceeds from the offering will be used for general corporate purposes, to refinance existing indebtedness and for the previously announced acquisition of Discovery Benefits, Inc.
WEX Inc. provides payment processing and information management services to the United States commercial and government vehicle fleet industry. The company, led by Melissa D Smith, Roberto Simon and Kenneth W Janosick, in 2017 recorded $1.250 Billion Revenues.
Cahill advised Bank of America with a team including Michael A. Sherman (Picture), Sara E. Johnson, Alexa S. Kaminsky and Javier Ortiz
Law Firms: Cahill Gordon & Reindel;
Clients: Bank of America;