WEX Inc. Files 8-K on Material Agreement & Financial Obligation

TL;DR

WEX inked a new deal, creating a financial obligation. Details in the exhibits.

AI Summary

On March 6, 2025, WEX Inc. filed an 8-K report detailing a material definitive agreement and a direct financial obligation. The filing indicates the creation of a financial obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the agreement and obligation, including dollar amounts and parties involved, are expected to be further elaborated in the accompanying exhibits.

Why It Matters

This filing signals a significant new financial commitment or partnership for WEX Inc., which could impact its future financial performance and strategic direction.

Risk Assessment

Risk Level: medium — The creation of a material definitive agreement and a direct financial obligation introduces potential financial risks and opportunities that require further investigation.

Key Players & Entities

• WEX Inc. (company) — Registrant
• March 6, 2025 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 1 Hancock Street, Portland Maine (address) — Principal executive offices

FAQ

From the Filing

0001140361-25-007445.txt : 20250306 0001140361-25-007445.hdr.sgml : 20250306 20250306170836 ACCESSION NUMBER: 0001140361-25-007445 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250306 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250306 DATE AS OF CHANGE: 20250306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEX Inc. CENTRAL INDEX KEY: 0001309108 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 010526993 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32426 FILM NUMBER: 25716262 BUSINESS ADDRESS: STREET 1: 1 HANCOCK STREET CITY: PORTLAND STATE: ME ZIP: 04101 BUSINESS PHONE: (207) 773-8171 MAIL ADDRESS: STREET 1: 1 HANCOCK STREET CITY: PORTLAND STATE: ME ZIP: 04101 FORMER COMPANY: FORMER CONFORMED NAME: Wright Express CORP DATE OF NAME CHANGE: 20041118 8-K 1 ny20044175x8_8k.htm 8-K false 0001309108 0001309108 2025-03-06 2025-03-06 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported) March 6, 2025 WEX Inc. (Exact name of registrant as specified in its charter) Delaware 001-32426 01-0526993 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 1 Hancock Street , Portland Maine ( 207 ) 733-8171 04101 Address of principal executive offices (Registrant’s Telephone Number, Including Area Code) (Zip Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value WEX New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01. Entry Into a Material Definitive Agreement.   On March 6, 2025 (the “Closing Date”), WEX Inc. (the “Company”) completed its previously announced upsized offering (the “Notes Offering”) of $550 million in aggregate principal amount of its new 6.500% senior unsecured notes due 2033 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). On the Closing Date, and as further described below, the Company also entered into an amendment (the “Seventh Amendment”) to that certain Amended and Restated Credit Agreement, dated as of April 1, 2021 (as amended, restated, amended and restated, su