FleetCor extends $1.4 billion credit agreement to March 2018

By Toni Weeks

San Luis Obispo, Calif., March 26 - FleetCor Technologies, Inc. entered into the third amendment to its $1.4 billion credit agreement to extend the maturity date by five years to March 20, 2018.

The amendment also added additional designated foreign borrowers and alternative currencies and allowed for additional investments in certain business relationships, according to an 8-K filing with the Securities and Exchange Commission.

The interest rate remained the same, the filing noted.

The purposes of the facility remain to fund acquisitions, working capital, liquidity and other general corporate purposes.

Bank of America, NA is the administrative agent.

FleetCor, based in Norcross, Ga., is a provider of fuel cards and workforce payment products to businesses.

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