World Fuel Services Corporation Amends, Expands and Extends Credit Facility

World Fuel Services Corporation announced that it has successfully amended its unsecured credit facility, increasing the overall facility to $2 billion and extending the term of the credit facility to April 2027.

“We greatly appreciate the relationships we have with all of our lenders and their continued support of our business and our vision for the future,” stated Ira M. Birns, executive vice president and chief financial officer of World Fuel Services Corporation. “The increase in the size of the credit facility and improved covenant provisions will provide additional financial flexibility in support of our strategic growth objectives.”

Bank of America, N.A. is the Administrative Agent and Bank of America, N.A., JPMorgan Chase Bank, N.A., TD Bank, N.A., Wells Fargo Bank, N.A., and HSBC Bank USA, N.A. served as joint lead arrangers in connection with the transaction.
Source: World Fuel Corporation