8-KEarnings & ResultsAcquisitions & DispositionsMaterial Agreements+3

CORPAY, INC. 8-K Report, Material Agreement (Nov 5, 2025)

Filed November 5, 2025For Securities:CPAY

Summary

Corpay, Inc. (CPAY) has filed an 8-K reporting significant developments related to its financing and the completion of a major acquisition. On November 5, 2025, Corpay amended its Credit Facility, substantially increasing its revolving credit capacity and adding a new $900 million Term Loan B. This new debt financing was primarily utilized to fund the previously announced acquisition of Alpha Group International plc, which was officially completed on October 31, 2025. The company also released its financial results for the three and nine months ended September 30, 2025, in a press release furnished with this filing. Investors should note that while the acquisition has closed and financing is in place, detailed financial statements and pro forma information for the acquired entity will be filed by amendment at a later date. This move signifies a substantial expansion for Corpay, funded through increased leverage.

Key Highlights

  • 1Corpay completed the acquisition of Alpha Group International plc on October 31, 2025, for approximately £1.8 billion in cash.
  • 2The company amended its Credit Facility, increasing the Revolver B commitments by $1 billion to a total of $1.5 billion.
  • 3A new seven-year Term Loan B of $900 million was added to the Credit Facility.
  • 4Proceeds from the new Term Loan B will be used to fund the Alpha acquisition.
  • 5The new Term Loan B carries an interest rate of SOFR plus a 1.75% margin and matures on November 5, 2032.
  • 6Corpay released its financial results for the three and nine months ended September 30, 2025, via press release.
  • 7Detailed financial statements and pro forma information for the Alpha acquisition will be filed via amendment within 71 days.

Frequently Asked Questions

Corpay has increased its Revolver B commitments by $1 billion, bringing the total to $1.5 billion, and has added a new seven-year Term Loan B of $900 million. The total new financing secured through this amendment is $1.9 billion.

The acquisition of Alpha Group International plc, which closed on October 31, 2025, was funded with borrowings under Corpay's Credit Facility, as amended by the Seventeenth Amendment, including the new Term Loan B.

Corpay has stated that it intends to file the required financial statements and pro forma financial information for the Alpha acquisition by amendment to this Current Report on Form 8-K no later than 71 calendar days after the filing date of this report.

The new Term Loan B is for $900 million, has a maturity date of November 5, 2032, and accrues interest based on the Secured Overnight Financing Rate (SOFR) plus a margin of 1.75%.