FleetCor Commences Initial Public Offering

NORCROSS, GA, Nov. 30 /PRNewswire/ - FleetCor Technologies, Inc. ("FleetCor"), a leading independent global provider of specialized payment products and services to commercial fleets, major oil companies and petroleum marketers, today announced that it has commenced an initial public offering of 12,675,000 shares of its common stock. The offering will consist of 12,244,039 shares of common stock to be sold by certain of FleetCor's stockholders and 430,961 shares to be issued by FleetCor.  The selling stockholders expect to grant the underwriters the option to purchase up to an additional 1,901,250 shares of common stock, on the same terms and conditions, to cover over-allotments, if any.

The estimated price range is $23.00 to $26.00 per share.  FleetCor's common stock has been approved for listing on the New York Stock Exchange, subject to official notice of issuance, under the symbol "FLT".

J.P. Morgan, Goldman, Sachs & Co., Barclays Capital and Morgan Stanley will act as joint book-running managers of the offering.  PNC Capital Markets LLC, Raymond James and Wells Fargo Securities will act as co-managers of the offering. The offering will be made only by means of a prospectus. A copy of the preliminary prospectus may be obtained by contacting either J.P. Morgan Securities LLC at Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, or by telephone at 1-866-803-9204, or Goldman, Sachs & Co., at 200 West Street, New York, NY 10282, Attention: Prospectus Department, by telephone at 1-866-471-2526 or by emailing [email protected].

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale of securities would be unlawful prior to their registration and qualification under the securities laws of any such state or jurisdiction.

SOURCE FleetCor Technologies, Inc.