GFL Environmental Has Amended Its $729M Senior Secured Term Loan To Reduce Its Borrowing Rate To SOFR+250 Basis Points From The Previous SOFR+300 Basis Points, Plus 10 Basis Points CSA, Resulting In Borrowing Rate Reduction Of 60 Basis Points
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GFL Environmental has amended its $729M senior secured term loan to reduce its borrowing rate to SOFR+250 basis points from the previous SOFR+300 basis points, plus 10 basis points CSA, resulting in a borrowing rate reduction of 60 basis points.
September 25, 2023 | 10:50 am
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GFL Environmental's amendment of its $729M senior secured term loan to reduce its borrowing rate could potentially lead to cost savings, which may positively impact the company's financial performance.
The reduction in borrowing rate means GFL Environmental will pay less interest on its loan, which could lead to cost savings. This could improve the company's financial performance, potentially leading to a positive impact on its stock price.
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