WEX Inc. has entered into the Eighth Amendment to its Amended and Restated Credit Agreement and the Second Amendment to its U.S. Security Agreement. The agreement was executed on November 10, 2026, by the company and certain of its subsidiaries. This amendment modifies the terms of the company's existing credit facility and security agreement, which have been previously amended several times since 2021.
The primary changes under the Eighth Amendment include an extension of the maturity date for the revolving credit facility and tranche A term loans from May 10, 2029, to November 6, 2031. Additionally, the company has increased the commitments under its revolving credit facility from $1.6 billion to $1.7 billion. The size of the tranche A term loan facility has also been increased from $787.5 million to $900 million.
The amendment also adjusts the interest rates applicable to the tranche A term loan facility and the revolving credit facility. These rates are tied to the company's consolidated leverage ratio. The applicable interest margins are as follows:
- Consolidated Leverage Ratio ≤ 3.00 to 1.00: 1.375% for SOFR loans and 0.375% for base rate loans.
- 3.00 to 1.00 < Consolidated Leverage Ratio ≤ 3.50 to 1.00: 1.625% for SOFR loans and 0.625% for base rate loans.
- 3.50 to 1.00 < Consolidated Leverage Ratio ≤ 4.00 to 1.00: 1.875% for SOFR loans and 0.875% for base rate loans.
- Consolidated Leverage Ratio > 4.00 to 1.00: 2.00% for SOFR loans and 1.00% for base rate loans.
The obligations of the borrowers under the Amended Credit Agreement are secured by a security interest in certain assets of the company and its guarantors, pursuant to the Amended Security Agreement.
