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BP Extends FleetCor’s Fuel Card Contract in North America
FleetCor Establishes Strategic Partnership with Petrol Plus Region
CITGO Awards FleetCor New Processing and Management Contract
Master Card Easy Savings offers Small Business Automatic Savings
FleetCor Acquires ICP Smart Concepts fleet card company
FleetCor Appoints New General Counsel
 
     
 

FleetCor Completes New $350M Credit Facility

Atlanta, Georgia - May 14, 2007 – FleetCor, The Global Fleet Card Company, announced today that it has successfully completed a re-financing of its existing credit facility with a new $350 million credit facility arranged by JP Morgan Chase Bank. The new credit facilities are comprised of a $300 million Term Loan B facility and a $50 million revolving credit facility. In conjunction with the new credit facility, the Company also re-priced the facilities to reflect improved ratings from both Moody’s and S&P.

The Company intends to use the proceeds from the re-financing to replace its existing indebtedness, complete two acquisitions and finance a partial redemption of shares from existing shareholders. This new expanded credit facility provides for undrawn funds that can be used for future acquisitions.

“We are delighted to have completed this new up-sized $350M facility”, said Eric Dey, FleetCor’s CFO. “We are particularly pleased that a large number of our existing lenders rolled into this new credit.”

About Fleetcor

FleetCor, (www.Fleetcor.com), the Global Fleet Card Company, was established in 2000 in Atlanta, Georgia. FleetCor is privately owned by a group of institutional private equity investors, including Bain Capital, Summit Partners, and Advent International. FleetCor is the worldwide leader in fuel card processing serving over 500,000 business Fleets and approximately 3 million cardholders in the US, Canada, and Europe. FleetCor’s card programs are marketed under a variety of brand names including: CCS, CFN, Keyfuels, FleetNet, FleetSource, FleetWide, Fuelman and Mannatec. FleetCor and its subsidiaries employ over 700 associates located in 20 offices.

For further information:

Richelle Gillett, DDB Public Relations
+1-416-972-7787
richelle.gillett@can.ddbpr.com

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