Wex (WEX) said late Thursday it has priced an upsized private offering of $550 million of its new 6.5% senior unsecured notes due 2033.
The offering, upsized from the previously announced amount of $500 million, is expected to close on March 6, the company said.
The company said it plans to use the net proceeds to help fund a tender offer to acquire outstanding common shares for up to $750 million and repay about $250 million outstanding under the revolving part of its senior secured credit facilities.
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