WEX Inc. announced that it has commenced a private offering, subject to market and other conditions, of up to approximately $350 million in aggregate principal amount of senior notes due 2023. The offering will be made to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended and in offshore transactions pursuant to Regulation S under the Securities Act. The company intends to use the net proceeds of the offering to repay a portion of the indebtedness outstanding under the company's senior secured credit facility and to pay related fees and expenses.

To the extent that there are any remaining proceeds, the company intends to use them for general corporate purposes. The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.