Company: WKC
Filing Date: 2025-11-13
Form Type: 8-K
Source: 0001193125-25-280505
Chunk: 0

Company: WORLD KINECT CORP
Filing Date: 2025-11-13
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01.      Entry into a Material Definitive Agreement  

On November 10, 2025, World Kinect Corporation (the “ Company”) entered into Amendment No. 11 to Fourth Amended and Restated Credit Agreement (the “ Amendment”) by and among the Company and certain of its subsidiaries, as borrowers, the guarantors named therein, Bank of America, N. A., as administrative agent, and the financial institutions named therein as lenders, co-documentationagents, joint lead arrangers, and joint bookrunners. The Amendment amended certain terms and conditions of the Company’s Fourth Amended and Restated Credit Agreement, dated as of October 10, 2013, as previously amended, including to: (i) increase the aggregate revolving credit facility commitments from $1.50 billion to $1.65 billion; (ii) replace the existing term loan in the original principal amount of $500 million (the “ Original Term Loan”) with a new term loan in the original principal amount of $350 million (the “ New Term Loan”), thereby maintaining the total borrowing capacity under the credit facility at $2.0 billion; (iii) modify the pricing of the loans and related fees, including reducing the number of applicable pricing levels, such that: (a) amounts outstanding bear interest at varying rates (as specified in the Amendment), plus a margin ranging from 1.5% - 2.125% for Term SOFR Loans and Alternative Currency Loans, and between 0.5% and 1.125% for Base Rate Loans (each as defined in the Amendment); and (b) lowering the pricing on commitment fees from a range of 0.225% - 0.375%, to a range of 0.225% - 0.300%, in each case depending on a defined consolidated total leverage ratio; (iv) extend the maturity from April 1, 2027 to November 10, 2030 and provide the Company with a one-time one-yearmaturity date extension option (to the extent the revolving commitments of the extending lenders exceed 50% of the aggregate amount of revolving commitments then outstanding, and other specified terms and conditions); and (v) modify certain financial and other covenants to provide greater operating flexibility.

Proceeds from the New Term Loan, plus approximately $93 million of cash on hand, were used to repay all outstanding amounts under the Original Term Loan and to pay certain fees and expenses related to the Amendment. The Amendment contains