Wright Express Corp. has filed papers with the Securities and Exchange Commission that would let it raise money in the future in the public capital markets, allowing it to “respond to financing and business opportunities in the future.”
The universal shelf registration allows the South Portland-based Wright Express to offer and sell equity, debt or other types of securities, in different combinations, as well.
“While we currently have no plans to issue securities, we believe this shelf registration provides us with additional financial flexibility to capitalize on business opportunities should the need arise in the future,” said Michael Dubyak, chairman, president and CEO of Wright Express.
Wright Express provides fleet management, business payment processing and information management solutions, with more than 350,000 customers worldwide. The company went public in 2005, and remains one of the few Maine-based, publicly traded firms in the state.
In the fourth quarter of 2011, the company saw profits of $32.8 million, on revenues of $139.8 million.
For the full year 2012, the company expects revenue in the range of $590 million to $610 million and profits to be in the range of $160 million to $168 million.
Wright Express has more than 850 employees in six countries. Wright trades under the symbol WXS on the New York Stock Exchange, and was trading at $63.33 Wednesday morning.