World Fuel to fund Colt acquisition with credit facility borrowings

By Tali Rackner

Norfolk, Va., July 14 – World Fuel Services Corp. will use borrowings under its existing credit facilities and cash on hand to fund its acquisition of Colt International, LLC, according to a company press release.

The purchase price of the acquisition is about $63 million.

The fuel logistics company is based in Miami. Colt is based in Houston.

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