Financing and Other Debt (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The following table summarizes the Company’s total outstanding debt:

(In thousands)	September 30, 2018			December 31, 2017
Revolving line-of-credit facility under 2016 Credit Agreement (a)	$	—		$	136,535
Term loans under 2016 Credit Agreement (a)	1,753,904			1,602,875
Notes outstanding (a)	400,000			400,000
Securitized debt	111,556			126,901
Participation debt	140,965			184,990
WEX Latin America debt	7,808			9,747
Total gross debt	$	2,414,233		$	2,461,048
Current portion of gross debt	$	245,608		$	404,233
Less: Unamortized debt issuance costs	(6,744		)	(7,015		)
Short-term debt, net	$	238,864		$	397,218
Long-term gross debt	$	2,168,625		$	2,056,815
Less: Unamortized debt issuance costs	(27,750		)	(29,063		)
Long-term debt, net	$	2,140,875		$	2,027,752
Supplemental information under 2016 Credit Agreement:
Letters of credit (b)	$	53,718		$	27,500
Borrowing capacity (c)	$	666,282		$	405,965

^(a) See Note 11, Fair Value, for more information regarding the Company’s 2016 Credit Agreement and notes outstanding.

^(b) Collateral for lease agreements, virtual card and fuel payment processing activity at the Company’s foreign subsidiaries

^(c) Contingent on maintaining compliance with the financial covenants as defined in the Company’s 2016 Credit Agreement