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WEX to redeem outstanding $400 million 4¾% senior notes
By Taylor Fox
New York, Feb. 11 – WEX Inc. plans to redeem its outstanding $400 million 4¾% senior secured notes due Feb. 1, 2023, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be redeemed March 15 at par plus interest.
The redemption is expected to be funded from cash on hand. WEX currently has more than $800 million in available capacity on a revolver to fund cash needs.
The Bank of New York Mellon Trust Co., NA is the trustee.
WEX is a South Portland, Me.-based provider of corporate payment solutions.
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