|[January 25, 2013]
WEX Announces Pricing of Senior Notes
SOUTH PORTLAND, Maine --(Business Wire)--
WEX Inc. (NYSE: WXS), a Delaware corporation (the "Company"), announced
today that it priced the previously announced offering of 4.75% senior
notes due 2023 (the "Notes"). The aggregate principal amount of the
Notes is $400 million. The offering is being made to "qualified
institutional buyers" as defined in Rule 144A under the Securities Act
of 1933, as amended (the "Securities Act"), and in offshore transactions
pursuant to Regulation S under the Securities Act.
The issuance of the Notes is anticipated to close on January 30, 2013.
The Notes will pay interest on a semi-annual basis.
The Company intends to use the net proceeds of the offering to repay the
outstanding amount under the revolving portion of the Company's senior
secured credit facility and to pay related fees and expensesand for
general corporate purposes.
The Notes have not been registered under the Securities Act and may not
be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and other applicable securities laws.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes, nor shall there be any offer,
solicitation or sale of the Notes in any jurisdiction in which such
offer, solicitation or sale would be unlawful. This notice is being
issued pursuant to and in accordance with Rule 135c under the Securities
Some of the statements in this press release are "forward-looking" and
are made pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. These "forward-looking" statements
include statements relating to, among other things, the Notes and the
senior secured credit facility. These statements involve risks and
uncertainties that may cause results to differ materially from the
statements set forth in this press release, including market conditions
and the risks and uncertainties referenced from time to time in the
Company's filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to such statements to reflect any
change in its expectations with regard thereto or any changes in the
events, conditions or circumstances on which any such statement is based.
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