Corpay announced the completion of its acquisition of Alpha Group, a UK and Europe-based provider of cross-border foreign exchange solutions and global bank accounts for corporations and investment funds. The transaction, valued at $2.4 billion, advances Corpay’s strategy of expanding its corporate payments and treasury capabilities across key international markets.
Corpay stated that Alpha’s client base and product suite will enhance the company’s existing global footprint, particularly among European investment managers. The company intends to extend Alpha’s services into the US and Asia as part of its broader growth strategy. Integration initiatives are currently underway, with Corpay projecting meaningful financial accretion beginning in 2026.
In connection with the acquisition, Corpay increased its total credit capacity. The company closed an amendment to its revolving credit facility, raising the facility by $1 billion to a total of $2.775 billion. Corpay also entered into a new $900 million Term Loan B with a seven-year term. Proceeds from the financing will support the Alpha transaction.
Corpay noted that its credit ratings from Moody’s and S&P Global remain unchanged at Ba1 and BB+, respectively, with both agencies maintaining a stable outlook. The financing received broad demand across participating institutions, reflecting lender confidence in the company’s earnings durability.
Bank of America served as Administrative Agent, and several global financial institutions participated as Joint Lead Arrangers and Joint Bookrunners.
KEY QUOTES:
“We’re thrilled to officially welcome Alpha to the Corpay family. Alpha is a leading provider of global bank accounts to European-based investment managers, and we expect to expand those investment manager relationships into the US and Asia. With our integration planning well underway, we remain confident in the synergies and expect to deliver meaningful accretion in 2026.”
Ron Clarke, Chairman and Chief Executive Officer, Corpay
“We’re very pleased with the broad participation and oversubscribed demand for our credit facilities, which reflects the broad-based confidence in Corpay’s durable earnings power.”
Peter Walker, Chief Financial Officer, Corpay
