World Fuel Services Corporation Amends, Expands and Extends Credit Facility

—Increases Total Liquidity and Extends Maturity to April 2027—

MIAMI, April 04, 2022–(BUSINESS WIRE)–World Fuel Services Corporation (NYSE: INT) today announced that it has successfully amended its unsecured credit facility, increasing the overall facility to $2 billion and extending the term of the credit facility through April 2027.

“We greatly appreciate the relationships we have with all of our lenders and their continued support of our business and our vision for the future,” said Ira M. Birns, executive vice president and chief financial officer of World Fuel Services Corporation. “The increased size of the credit facility and improved covenants will provide additional financial flexibility in support of our strategic growth objectives.”

Bank of America, NA is the administrative agent and Bank of America, NA, JPMorgan Chase Bank, NA, TD Bank, NA, Wells Fargo Bank, NA and HSBC Bank USA, NA served as co-lead arrangers in connection with the transaction.

Information Regarding Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our beliefs and expectations regarding our financial flexibility and our ability to achieve our strategic growth objectives and return capital to our shareholders. These forward-looking statements are qualified in their entirety by cautionary and risk factor disclosures contained in our filings with the Securities and Exchange Commission (“SEC”), including our most recent Annual Report on Form 10-K. filed with the SEC. Actual results may differ materially from any forward-looking statements due to risks and uncertainties, including, but not limited to: our ability to take advantage of new market opportunities, our ability to successfully implement our strategy of growth and integrating acquired businesses and recognizing the anticipated benefits, potential liabilities, limited indemnities and extent of any insurance coverage, our ability to effectively manage the effects of the COVID-19 pandemic, the extent of the impact of the pandemic on our sales and those of our customers, our profitability, our operations and our supply chains due to the measures taken by governments and companies to contain the virus, the creditworthiness of customers and counterparties and our ability to collect accounts receivable and settle derivative contracts, sudden changes in the market price of fuel or oil prices. extremely high or low fuel prices that continue for an extended period of time, the availability of sufficient cash and liquidity to fund our working capital and strategic investment needs, any global economic impact or other significant volatility that may arise from events geopolitics, wars and other civil unrest, adverse conditions in the markets or industries in which we or our customers and suppliers operate, such as the current global economic environment due to the coronavirus pandemic, our ability to manage changes in supply and other market dynamics in the regions in which we operate, our breach of restrictions and covenants on our senior revolving credit facility and senior term loans, including our covenants, our ability to successfully execute and realize efficiencies, our ability to achieve the level of profit expected from any restructuring activity and cost reduction initiatives, inflationary pressures and their impact on our customers or the global economy, unforeseen tax liabilities or adverse results of tax audits, appraisals or litigation, our ability to capitalize on new opportunities, the risks associated with the complexity of U.S. and foreign tax laws and any regulations subsequently issued and our ability to accurately predict the impact on our effective tax rate and future earnings, our ability to effectively leverage technology and operating systems and achieve intended benefits, actions that may be taken under the current administration in the United States that increase costs or adversely impact on our activities or those of our customers and suppliers, the outcome of pending litigation and other proceedings, the impact of fluctuations quarterly changes in results, including due to seasonality, our inability to effectively hedge certain financial risks associated with the use of derivatives, uninsured losses, the impact of climate change and natural disasters, unfavorable results from legal litigation, our ability to retain and attract senior management and other key employees, and other risks detailed from time to time in our filings with the SEC. New risks emerge from time to time and it is not possible for management to foresee all of these risk factors or to assess the impact of these risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise, except as required by law. required.

About World Fuel Services Corporation

Based in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy supply consulting, supply execution, and transaction and payment management solutions to commercial and industrial customers, mainly in the aviation, maritime and land transport sectors. World Fuel Services also offers natural gas and electricity, as well as energy consulting services, including carbon offset programs, sustainability solutions and renewable energy alternatives. World Fuel Services sells fuel and provides services to its customers at more than 8,000 locations in more than 200 countries and territories around the world.

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Ira M. Birns, Executive Vice President and
Financial director

Glenn Klevitz
Vice President, Treasurer and Investor Relations

Luisa D. Fuller