On March 5, 2019, WEX, Inc. (NYSE:WEX), a leading financial technology service provider, drew down $300 million under its delayed-draw incremental loan facility with Bank of America, N.A., as administrative agent in order to acquire Discovery Benefits, Inc., a high-growth employee benefits administrator to more than one million consumers across all 50 states.

WilmerHale represented WEX in the acquisition and related financing with the financing team consisting of Jamie Class, John Sigel, Justin Ochs, George Shuster, Ellie Guadiana and Meghan Muncey, and the M&A team consisting of Jeff Stein, Andrew Bonnes, Chip McCorkle and Ryan Crane.