World Kinect Corp entered into a Purchase Agreement to issue and sell $300 million aggregate principal amount of its 3.250% Convertible Senior Notes due 2028, with an option to purchase up to an additional $50 million aggregate principal amount of Notes. The company also entered into convertible note hedge transactions and warrant transactions. The net proceeds from the sale of the Notes were approximately $336.5 million, which will be used for general corporate purposes and repayment of outstanding debt.