WEX sets investor call for $350 million offering of 10-year notes; pricing Jan. 22 week

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Jan. 22 - Wex Inc. is selling a $350 million offering of senior notes due 2023 (expected ratings Ba3/BB), a market source said.

An investor call will be held at noon ET Tuesday, and the issue is expected to price later in the Jan. 22 week.

Wells Fargo Securities LLC is left bookrunner.

Bank of America Merrill Lynch, SunTrust Robinson Humphrey Inc. and RBS Securities Inc. are the joint bookrunners, and BMO Securities, KeyBanc Capital Markets LLC, Mitsubishi UFJ Securities and SMBC are the co-managers.

The Rule 144A and Regulation S for life notes will be non-callable for five years.

The South Portland, Maine-based provider of corporate card payment solutions plans to use the proceeds to repay a portion of the debt outstanding under the company's senior secured credit facility.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.