WEX Announces Pricing of Senior Notes
25 Enero 2013 - 12:20PM
Business Wire
WEX Inc. (NYSE: WXS), a Delaware corporation (the
“Company”), announced today that it priced the previously announced
offering of 4.75% senior notes due 2023 (the “Notes”). The
aggregate principal amount of the Notes is $400 million. The
offering is being made to “qualified institutional buyers” as
defined in Rule 144A under the Securities Act of 1933, as
amended (the “Securities Act”), and in offshore transactions
pursuant to Regulation S under the Securities Act.
The issuance of the Notes is anticipated to close on January 30,
2013. The Notes will pay interest on a semi-annual basis.
The Company intends to use the net proceeds of the offering to
repay the outstanding amount under the revolving portion of the
Company’s senior secured credit facility and to pay related fees
and expenses and for general corporate purposes.
The Notes have not been registered under the Securities Act and
may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements of
the Securities Act and other applicable securities laws.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes, nor shall there be any
offer, solicitation or sale of the Notes in any jurisdiction in
which such offer, solicitation or sale would be unlawful. This
notice is being issued pursuant to and in accordance with
Rule 135c under the Securities Act.
Some of the statements in this press release are
“forward-looking” and are made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995.
These “forward-looking” statements include statements relating to,
among other things, the Notes and the senior secured credit
facility. These statements involve risks and uncertainties that may
cause results to differ materially from the statements set forth in
this press release, including market conditions and the risks and
uncertainties referenced from time to time in the Company’s filings
with the Securities and Exchange Commission. The Company expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to such statements to reflect any change in
its expectations with regard thereto or any changes in the events,
conditions or circumstances on which any such statement is
based.
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