Vertiv Announces Successful Completion of Term Loan Repricing
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Vertiv has successfully completed the repricing of its $2.1 billion Term Loan, reducing the interest rate by 25 basis points, which will save approximately $5 million annually.
December 13, 2024 | 3:45 pm
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Vertiv has completed the repricing of its $2.1 billion Term Loan, reducing the interest rate by 25 basis points, leading to annual savings of $5 million.
The repricing of the Term Loan reduces interest expenses by $5 million annually, which is a positive financial development for Vertiv. This move improves the company's cost structure and could positively impact its profitability and cash flow, making it a favorable development for investors.
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