Daily News: January 23, 2013

BofA Increases Wex Facility to $1.1 Billion


Bloomberg reported that South Portland, ME-based Wex Inc., a provider of payment processing to the commercial and government vehicle fleet industry, increased its credit agreement with Bank of America to $1.1 billion.

The revolving line of credit was increased to $800 million and the term portion is now $300 million from $185 million, the article said. The maturity date was extended to January 2018.

To read the full Bloomberg story, click here.