Corpay Completes Refinancing and Increases Revolving Credit Facility To $3.7 Billion

ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), the corporate payments and expense management company today announced that it closed an amendment to increase its revolving credit facility by $925 million to $3.7 billion and increase its Term Loan A by $420M to $3.3 billion, both for new 5-year terms. The USD interest rates are 10 basis points lower than the existing facilities. The Company plans to use $1 billion of the proceeds to pay down a portion of its Term Loan B and refinance a port.