WEX Inc. Announces Programs for Possible Financial debt Refinancing | Enterprise & Finance

Powered by the belief that sophisticated payment techniques can be manufactured very simple, WEX (NYSE: WEX) is a foremost financial technologies services supplier throughout a vast spectrum of sectors, which include fleet, vacation and health care. WEX operates in more than 10 nations around the world and in more than 20 currencies as a result of more than 5,200 associates about the planet. WEX fleet cards supply 15.8 million cars exceptional payment security and management purchase volume in journey and company options was $20.9 billion in 2020 and the WEX Well being monetary technological know-how system assists 408,000 employers and 33.1 million shoppers superior handle healthcare fees. For additional information, take a look at www.wexinc.com.

This press release incorporates forward-seeking statements, including statements concerning: financial advice and probable for supplying the similar assumptions fundamental the Company’s foreseeable future monetary effectiveness upcoming advancement opportunities and expectations and expectations for the macro setting. Any statements that are not statements of historic information may perhaps be considered to be forward-hunting statements. When employed in this push launch, the phrases “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “project” and very similar expressions are meant to establish ahead-looking statements, although not all ahead-seeking statements comprise such phrases. There can be no assurance that the Corporation will be capable to entire the higher than discussed debt refinancing. These forward-wanting statements are matter to a selection of risks and uncertainties that could induce genuine effects to differ materially, which includes: the extent to which the coronavirus (COVID-19) pandemic and actions taken in reaction thereto adversely effects the Company’s small business, benefits of functions and economic condition in extra of current expectations the outcomes of standard economic situations on fueling styles as well as payment and transaction processing activity the impression of foreign currency exchange fees on the Company’s functions, income and profits alterations in fascination fees the impact of fluctuations in fuel charges, such as the influence of any ongoing reductions in gas price tag and the resulting impression on the Company’s revenues and net revenue the outcomes of the Company’s enterprise expansion and acquisition efforts probable adverse improvements to enterprise or personnel interactions, including individuals resulting from the completion of an acquisition competitive responses to any acquisitions uncertainty of the envisioned economic overall performance of the mixed operations next completion of an acquisition the failure to entire or effectively integrate the Company’s acquisitions the capability to understand predicted synergies and price tag personal savings surprising costs, fees or bills ensuing from an acquisition the Company’s skill to efficiently get, combine, operate and broaden commercial gasoline card packages the failure of corporate investments to end result in anticipated strategic price the effects and dimension of credit score losses the impact of modifications to the Firm’s credit score criteria breaches of the Company’s know-how devices or all those of the Firm’s third-bash support suppliers and any resulting detrimental affect on the Company’s track record, liabilities or associations with buyers or retailers the Company’s failure to preserve or renew critical business agreements failure to develop the Company’s technological abilities and provider offerings as swiftly as the Company’s rivals failure to properly put into practice the Company’s facts technological know-how approaches and capabilities in link with its technology outsourcing and insourcing preparations and any ensuing price tag connected with that failure the steps of regulatory bodies, together with banking and securities regulators, or achievable alterations in banking or monetary rules impacting the Company’s industrial bank, the Enterprise as the corporate mum or dad or other subsidiaries or affiliate marketers authorized, regulatory, political and financial uncertainty surrounding the United Kingdom’s departure from the European Union the affect of the transition from LIBOR as a world benchmark to a replacement amount the impression of the Company’s superb notes on its operations the impression of increased leverage on the Company’s operations, outcomes or borrowing capacity typically, and as a outcome of acquisitions especially the impression of sales or tendencies of significant amounts of the Company’s fantastic frequent stock into the public market, or the perception that these kinds of product sales or inclinations could manifest the doable dilution to the Company’s stockholders prompted by the issuance of additional shares of frequent inventory or equity-connected securities the incurrence of impairment rates if the Company’s assessment of the good price of selected of its reporting units variations the uncertainties of litigation as perfectly as other risks and uncertainties identified in Item 1A of the Company’s Once-a-year Report for the calendar year finished December 31, 2020, submitted on Variety 10-K with the Securities and Trade Fee on March 1, 2021. The Firm’s forward-seeking statements do not reflect the likely upcoming effect of any alliance, merger, acquisition, disposition or inventory repurchases. The forward-searching statements communicate only as of the date of this press launch and undue reliance should really not be placed on these statements. The Company disclaims any obligation to update any ahead-on the lookout statements as a result of new details, potential functions or otherwise.

Jessica Roy, 207-523-6763

Steve Elder, 207-523-7769

Search phrase: UNITED STATES NORTH The us MAINE

Sector Keyword: Professional Companies Data Management Technology FINANCE Software program BANKING

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PUB: 03/15/2021 06:45 AM/DISC: 03/15/2021 06:45 AM