Debt (Tables)

9 Months Ended

Sep. 30, 2025

The balances of the Company’s debt instruments under the Credit Agreement and the Securitization Facility are as follows (in thousands):


	September 30, 2025		December 31, 2024
Term Loan A note payable, net of discounts	$	2,959,860	$	3,083,037
Term Loan B note payable, net of discounts	3,051,395		2,327,174
Revolving line of credit facilities	356,000		1,262,000
Other obligations	697		869



Total notes payable, credit agreements and other obligations	6,367,952		6,673,080
Securitization Facility	1,755,000		1,323,000
Total debt	$	8,122,952	$	7,996,080
Current portion	$	2,301,280	$	2,769,974
Long-term portion	5,821,672		5,226,106
Total debt	$	8,122,952	$	7,996,080

Schedule of Contractual Maturities of Notes Payable and Other Obligations

The contractual maturities of the Company’s total notes payable, credit agreements and other obligations at September 30, 2025 were as follows (in thousands):


Remaining 2025	$	405,988
2026	197,140
2027	2,786,203
2028	2,996,343

Thereafter	—
Total principal payments	6,385,674
Less: debt discounts and issuance costs included in debt	(17,722)
Total notes payable, credit agreements and other obligations	$	6,367,952

CORPAY, INC. 10-Q