FLEETCOR Technologies, Inc. announced that it successfully closed on an amendment to its pro rata Term Loan A and Revolver A credit facilities. The transaction was leverage neutral and results in a $600 million increase in the company?s capacity under its facilities. This amendment resulted in an increase to the Company?s revolver from $1.5 billion to $1.775 billion.

In addition, the Company increased its borrowings under its Term Loan A facility by $325 million and used those proceeds to paydown its revolver balance. Interest rate and maturity terms remain consistent with the existing credit facilities. FLEETCOR anticipates using the increased debt facility to drive earnings growth through both M&A and repurchasing FLEETCOR stock in 2024.