World Kinect Corporation Extends $2 Billion Credit Facility to 2030
World Kinect Corporation (WKC)
Company Research
Source: Business Wire
MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) today announced the amendment and extension of its $2 billion senior unsecured credit facility, which includes both a revolving credit facility and a term loan. The maturity date has been extended to November 2030, with an option to further extend to November 2031, subject to lender consent.Led by Bank of America, the facility reflects continued strong support from a diversified syndicate of global financial institutions and reinforces World Kinect’s robust liquidity position.“This extension underscores the strength of our credit profile and further supports our ability to deliver long-term value through a sharpened focus on execution and profitable growth,” said Ira M. Birns, President of World Kinect Corporation.“We’re grateful for the continued support of our banking partners,” added Mike Tejada, Executive Vice President and Chief Financial Officer. “This facility gives us the financial agility to support our strategi
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- World Kinect (NYSE:WKC) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
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- World Kinect (NYSE:WKC) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat