Corpay Completes $2.4 Billion Acquisition of Alpha Group
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Corpay, Inc. has successfully acquired Alpha Group International plc for $2.4 billion, enhancing its B2B cross-border FX solutions and global bank accounts for corporations. The acquisition aims to expand Alpha's investment manager relationships into the US and Asia. Corpay also increased its revolving credit facility by $1 billion to $2.775 billion and secured a new $900 million seven-year Term Loan B to finance the acquisition. Moody’s and S&P Global have maintained stable credit ratings for Corpay.
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