Corpay amends credit facility, raising revolver to $3.7 billion and extending maturities to 2031
Corpay entered into an eighteenth amendment to its credit agreement on May 21, 2026, increasing its revolving credit facility to $3.7 billion and Term Loan A to $3.3 billion, both maturing May 21, 2031, and increasing Term Loan B-6 to $2.95 billion. The company used proceeds to repay its Term Loan B-5 in full, and says the refinancing will lower annual interest expense and increase liquidity.
Key points
- Revolving credit commitments rise by $0.9 billion to $3.7 billion; Term Loan A rises by $0.4 billion to $3.3 billion, both maturing May 21, 2031
- Term Loan B-6 increases by $2.05 billion to $2.95 billion, maturing November 5, 2032
- Term Loan B-5 repaid in full using Term Loan A and revolver proceeds of $1.0 billion and Term Loan B-6 proceeds of $2.05 billion
- Company states USD interest rates are 10 basis points lower than the existing facilities
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.