WEX Announces a $400 Million Investment From Warburg Pincus and Amendment to the Credit Agreement
Amount Raised
$400 Million
Round Type
Debt Financing
PortlandInformation TechnologySoftwareE Commerceinformation technology & servicesDescription
WEX Inc. (NYSE:WEX), a leading financial technology service provider, announced today it has agreed to a $400 million dollar investment from an affiliate of Warburg Pincus LLC (together with its affiliate, “Warburg Pincus”) which includes convertible notes in an aggregate principal amount of $310 million and $90 million in common stock through a private placement (the “Private Placement”). The Private Placement is subject to customary closing conditions and is expected to close in the next several days. Importantly, WEX has also obtained an amendment to its existing senior secured credit facilities, (the “Credit Agreement Amendment”), providing WEX with increased financial flexibility
Quick answer
WEX raised $400 Million in a Debt Financing round, dated June 29, 2020. WEX is based in Portland, Maine, United States.
- How much did WEX raise?
- WEX raised $400 Million in a Debt Financing round on June 29, 2020.
- What does WEX do?
- WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business.
- Where is WEX based and how big is it?
- WEX is based in Portland, Maine, United States. Fundz records about 6,500 employees.
- Who are the decision-makers at WEX?
- Fundz holds 1 contact at WEX. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in E Commerce and information technology & services around the same time
Companies in the same sectors as WEX that raised within 45 days of this round, from Fundz verified event records.
- Spacelift raised $1.6M (Seed) on August 13, 2020.
- Health Catalyst raised $23M on August 4, 2020.
- UiPath raised $226M on July 20, 2020.
- PassiveLogic raised $14M on July 14, 2020.
- Fivetran raised $100M (Funding Round) on June 30, 2020.
- Wipro Limited raised an undisclosed amount on June 11, 2020.
Who to call at WEX, and when
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- An alert the day WEX raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at WEX, from your own LinkedIn network
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Related People
WEX raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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