NORCROSS, Ga.--(BUSINESS WIRE)--Nov. 7, 2012--
FleetCor Technologies, Inc. (NYSE:FLT), a leading independent global
provider of fuel cards and workforce payment products to businesses,
today announced that on November 6, 2012, it increased the size of its
loan facilities by $500 million. The upsized credit facility totals $1.4
billion and consists of a $550 million term loan facility and an $850
million revolving credit facility, with an option to increase the
facility by an additional $250 million. The interest rates on the
upsized facility will remain unchanged.
FleetCor anticipates using the increased facility primarily to help fund
future acquisitions, for working capital and other general corporate
purposes, including to potentially fund share repurchases from certain
of its significant legacy investors.
“With the increased credit facility, we currently have plenty of dry
powder, approximately $1 billion of liquidity, to continue to pursue our
strategy of acquiring businesses that have good business models in
attractive geographies and to execute other corporate strategies,” said
Eric Dey, chief financial officer, FleetCor Technologies, Inc.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. Statements that are not
historical facts, including statements about FleetCor's beliefs,
expectations and future performance, are forward-looking statements.
Forward-looking statements can be identified by the use of words such as
"anticipate," "intend," "believe," "estimate," "plan," "seek," "project"
or "expect," "may," "will," "would," "could" or "should," the negative
of these terms or other comparable terminology. Examples of
forward-looking statements in this press release include statements
relating to anticipated uses of proceeds from the credit facility,
including acquisitions or share repurchases. These forward-looking
statements are subject to a number of risks and uncertainties that could
cause actual results to differ materially from those contained in any
forward looking statement, such as increased interest rates,
difficulties satisfying debt obligations, dedication of cash flow to
debt repayments, satisfying loan covenants, vulnerability to economic
downturns, competitive disadvantages of leverage, increased risk from
additional indebtedness, access to receivables securitization financing,
rises in fuel prices requiring additional working capital financing, as
well as the other risks and uncertainties identified under the caption
"Risk Factors" in FleetCor's Annual Report on Form 10-K for the year
ended December 31, 2011, filed with the Securities and Exchange
Commission on February 29, 2012. FleetCor believes these forward-looking
statements are reasonable; however, forward-looking statements are not a
guarantee of performance, and undue reliance should not be placed on
such statements. The forward-looking statements included in this press
release are made only as of the date hereof, and FleetCor does not
undertake, and specifically disclaims, any obligation to update any such
statements or to publicly announce the results of any revisions to any
of such statements to reflect future events or developments.
About FleetCor
FleetCor is a leading global provider of fuel cards and workforce
payment products to businesses. FleetCor’s payment programs enable
businesses to better control employee spending and provide
card-accepting merchants with a commercial customer base that can
increase their sales and customer loyalty. FleetCor serves commercial
accounts in North America, Latin America, and Europe. For more
information, please visit www.fleetcor.com.

Source: FleetCor Technologies, Inc.
FleetCor Technologies, Inc.
Investor Relations, 770-729-2017
investor@fleetcor.com