WEX Inc.’s Debt Repricing and Maturity Extension


Cahill represented the lead arrangers in connection with a repricing of WEX’s revolving credit loans and term A loans, an increase in commitments under WEX’s revolving credit loans from $570,000,000 to $720,000,000 and an additional $25,000,000 term A loan which increased the term A loans to $434,500,000.

In connection with the execution of the amendment, the Company paid certain customary fees and expenses of Bank of America, N.A. in its capacity as administrative agent, joint lead arranger and joint bookrunner. MUFG Union Bank, N.A., SunTrust Robinson Humphrey, Inc., and Citizens Bank, N.A., also acted as joint lead arrangers and joint bookrunners, and Bank of Montreal acted as documentation agent.

WEX Inc. is a leading provider of corporate payment solutions.

Cahill advised with a team including Michael A. Sherman (Picture), Hillary Bailey, Sara E. Johnson, Alexa S. Kaminsky and Javier Ortiz

Involved fees earner: Michael Sherman – Cahill Gordon & Reindel; Hillary Bailey – Cahill Gordon & Reindel; Sara Johnson – Cahill Gordon & Reindel; Alexa Kaminsky – Cahill Gordon & Reindel; Javier Ortiz – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Bank of America; Bank of Montreal; SunTrust Robinson Humphrey, Inc.; Citizens Bank; MUFG Union Bank, N.A.;

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Author: Ambrogio Visconti