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Subsequent Events | 9 Months Ended
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Sep. 30, 2025
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Asset Divestiture In July 2025, the Company announced the divestiture of one of its legacy lower growth private label fuel card portfolios for approximately $60 million. Revenues generated from the portfolio are included in the Company's Vehicle Payments segment. The transaction closed during October 2025. Debt Arrangements Amendment to Securitization Facility On November 3, 2025, the Company entered into the Sixth Amended and Restated Receivables Purchase Agreement to its Securitization Facility. The amendment, among other things, (i) increased the Securitization Facility commitment from $1.8 billion to $2.3 billion, (ii) extended the maturity of the Securitization Facility to November 3, 2028, (iii) added three UK-based originators and (iv) lowered the program pricing by 9 basis points. Amendment to Credit Agreement On November 5, 2025, the Company entered into the seventeenth amendment to the Credit Agreement. The amendment, among other things, (i) increases the aggregate commitments under the revolving credit facility by $1 billion to new total Revolver B commitments of $1.5 billion, and (ii) adds a new seven-year Term Loan B of $900 million. The Company used the Term Loan B and revolving credit facility proceeds to fund the Alpha acquisition. The new Term Loan B has a maturity date of November 5, 2032. Interest on amounts outstanding under the new Term Loan B accrues based on the Secured Overnight Financing Rate plus a margin of 1.75%. The maturity dates and the interest rates for the Company's revolving credit facility, Term Loan A commitments and existing Term Loan B commitments were unchanged by this amendment.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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