WilmerHale represented WEX, Inc., a leading financial technology service provider, in the refinancing of its existing credit facility with Bank of America, N.A. in its capacity as administrative agent, and the other financial institutions party thereto pursuant to an amended and restated credit agreement. The amended and restated credit agreement provides for, among other things, (i) additional commitments under WEX’s revolving credit facility from $870,000,000 to $930,000,000, (ii) additional tranche A term loans in the amount of approximately $117,000,000, resulting in outstanding tranche A term loans of approximately $978,000,000, (iii) extensions of the maturity dates for the tranche A term loans and revolving credit loans to April 1, 2026, (iv) extension of the maturity date for the tranche B term loans to April 1, 2028 and (v) additional flexibility with respect to certain negative covenants, prepayments and other provisions of the Company’s credit facility. The refinancing closed on April 1, 2021. Following the consummation of the refinancing, the aggregate original principal amount of WEX’s credit facility is approximately $3.35 billion. 

The team representing WEX consisted of Justin Ochs, Brandt Tierney, Meg Muncey, Rylee Johnston and Louise Luongo, with support from Julie Hogan Rodgers. For more information, read WEX’s press release.