FleetCor Technologies to fund acquisition with draw on facilities

By Ashley Montgomery

Kansas City, Kan., March 13 - FleetCor Technologies, Inc. plans to draw on its credit facilities to fund a $250 million acquisition of three foreign companies, according to an 8-K filed with the Securities and Exchange Commission.

The company will also use cash on hand to fund the acquisitions.

Additionally, the company announced an amendment to its $900 million five-year credit agreement. The amendment adds two designated borrowers and adds a $110 million foreign currency swingline subfacility under the revolver.

FleetCor is a Norcross, Ga.-based provider of specialized payment products and services to businesses, commercial fleets, oil companies, petroleum marketers and government entities.

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