FleetCor gets more time to consider $100 million increase to revolver

By Angela McDaniels

Tacoma, Wash., Jan. 14 - FleetCor Technologies, Inc. now has until April 1 to decide whether to increase its revolving credit facility by up to $100 million, according to an 8-K filing with the Securities and Exchange Commission.

On Thursday, the company entered into an amendment with respect to commitments previously received from its lenders for the additional tranche.

Before the amendment, the deadline was Jan. 15.

JPMorgan Chase Bank, NA is the administrative agent for the credit facility, which the company entered into in 2005.

FleetCor is based in Norcross, Ga., and provides specialized payment products and services to commercial fleets, oil companies and petroleum marketers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.