World Kinect Corporation Announces Proposed Offering of $250 Million Convertible Senior Notes due 2028

Jun 21, 2023

World+Kinect+Corporation (NYSE:WKC, Financial) (“World Kinect” or “the Company”) announced today that it intends to offer, subject to market and other conditions, $250 million aggregate principal amount of Convertible Senior Notes due 2028 (the “notes”) in a private offering. The notes will be offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). World Kinect also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $37.5 million aggregate principal amount of the notes.

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