World Kinect Corp Extends $2B Credit Facility to Nov 2030

By Hao Liu • Friday, November 14 06:04 • Permanent Link

World Kinect Corporation (NYSE: WKC) has announced the extension of its $2 billion senior unsecured credit facility to November 2030, with an option to further extend to November 2031, subject to lender consent. The facility, led by Bank of America, reflects continued strong support from a diversified syndicate of global financial institutions.

The amended facility includes improved pricing terms and expanded covenant flexibility to support the company’s capital allocation priorities and growth plans.

World Kinect Corporation is a global energy management company headquartered in Miami, Florida. It offers fulfillment and related services to customers across the aviation, marine, and land-based transportation sectors, as well as supplies natural gas and power in the United States and Europe, along with a broad suite of sustainability-related products and services. Following these announcements, the company's shares moved 2.02%, and are now trading at a price of $24.77. Check out the company's full 8-K submission here.

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