{"id":966042,"date":"2026-05-21T12:16:32","date_gmt":"2026-05-21T16:16:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-completes-refinancing-and-increases-revolving-credit-facility-to-3-7-billion\/"},"modified":"2026-05-21T12:16:32","modified_gmt":"2026-05-21T16:16:32","slug":"corpay-completes-refinancing-and-increases-revolving-credit-facility-to-3-7-billion","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-completes-refinancing-and-increases-revolving-credit-facility-to-3-7-billion\/","title":{"rendered":"Corpay Completes Refinancing and Increases Revolving Credit Facility To $3.7 Billion"},"content":{"rendered":"

<\/p>\n

Corpay Completes Refinancing and Increases Revolving Credit Facility To $3.7 Billion<\/b><\/p>\n

Increases Liquidity by over $1 billion<\/i><\/p>\n

Extends Maturity to 2031<\/i><\/p>\n

ATLANTA–(BUSINESS WIRE<\/a>)–
\nCorpay, 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.<\/p>\n

\nThe Company plans to use $1 billion of the proceeds to pay down a portion of its Term Loan B and refinance a portion of its Term Loan B, resulting in a $2.9 billion Term Loan B, maturing in November 2032. This will also result in lower annual interest expense.<\/p>\n

\n\u201cWe\u2019re very pleased to upsize and extend our credit facilities,\u201d said Ron Clarke, chairman and chief executive officer, Corpay, Inc. \u201cThis is a reflection of the durability of Corpay\u2019s earnings power, and these amended facilities provide us additional liquidity to grow the business.\u201d<\/p>\n

\n\u201cOur debt facility continues to price at very attractive levels, and will result in interest expense savings for the extended term,\u201d said Peter Walker, chief financial officer, Corpay, Inc. \u201cWe\u2019re very appreciative of our bank partners stepping up to support this upsized credit facility.\u201d<\/p>\n

\nBank of America, N.A. is the Administrative Agent and BofA Securities, Inc., PNC Bank, National Association J.P. Morgan Chase Bank, N.A, Barclays Bank, PLC, TD Securities (USA) LLC., Wells Fargo Securities, LLC, and BMO Capital Markets Corp., served as Joint Lead Arrangers and Joint Bookrunners. The Bank of Nova Scotia, Capital One, National Association, Citizens Bank, N.A., Fifth Third Bank National Association, Industrial and Commercial Bank of China Limited, New York Branch, Keybanc Capital Markets PLC, Mizuho Bank, LTD. Truist Securities, Inc. and Royal Bank of Canada as joint lead arrangers.<\/p>\n

About Corpay<\/b><\/p>\n

\nCorpay (NYSE: CPAY), the Corporate Payments and Expense Management Company, is a global S&P 500 provider of employee payments (e.g, spend management solutions, fleet cards, and virtual cards) B2B vendor payments (e.g., invoice and payments automation), and cross-border solutions (fx payments, risk management solutions and global bank accounts) to businesses worldwide. Corpay solutions \u201ckeep business moving\u201d and result in our customers better controlling business expenses, mitigating fraud, and ultimately spending less. To learn more visit www.corpay.com<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260521202593\/en\/<\/a><\/span><\/p>\n

\nInvestor Relations
\n
Jim Eglseder, 770-417-4697
\n
Jim.Eglseder@corpay.com<\/a><\/p>\n

KEYWORDS:<\/b> Georgia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Technology Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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\"Logo\"<\/td>\n<\/tr>\n
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Corpay Completes Refinancing and Increases Revolving Credit Facility To $3.7 Billion Increases Liquidity by over $1 billion Extends Maturity to 2031 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 portion of its Term Loan B, resulting in a $2.9 billion Term Loan B, maturing … <\/p>\n

Continue reading “Corpay Completes Refinancing and Increases Revolving Credit Facility To $3.7 Billion”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-966042","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCorpay Completes Refinancing and Increases Revolving Credit Facility To $3.7 Billion - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-completes-refinancing-and-increases-revolving-credit-facility-to-3-7-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corpay Completes Refinancing and Increases Revolving Credit Facility To $3.7 Billion - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Corpay Completes Refinancing and Increases Revolving Credit Facility To $3.7 Billion Increases Liquidity by over $1 billion Extends Maturity to 2031 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. 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