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0 0 0.0251824678054187 0 0.0241507126753028 0.0510527723642478 0.0585043371928618 0.0796744239367191
Stock impact report

Corpay Completes $2.4 Billion Cross Border Payments Acquisition

Corpay, Inc. (CPAY) 
Company Research Source: Business Wire
Upsizes Credit Facilities $1.9 Billion ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), the corporate payments company, completed the acquisition of Alpha Group International plc (LSE: ALPH), a B2B cross border FX solutions and global bank accounts provider to corporations and investment funds in the UK and Europe.“We’re thrilled to officially welcome Alpha to the Corpay family. Alpha is a leading provider of global bank accounts to European-based investment managers, and we expect to expand those investment manager relationships into the US and Asia,” said Ron Clarke, chairman and chief executive officer, Corpay, Inc. “With our integration planning well underway, we remain confident in the synergies and expect to deliver meaningful accretion in 2026,” concluded Clarke.The company also announced it has closed on an amendment to its revolving credit facility that results in an increase of $1 billion resulting in a total revolving credit facility of $2.775 billion and has entered Show less Read more
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