AZZ Inc. Announces Successful Repricing of its Senior Secured Revolving Line of Credit
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AZZ Inc. has successfully repriced its $400 million Senior Secured Revolving Line of Credit, reducing interest rate margins, commitment fees, and letter of credit fees, which could improve its financial flexibility and cost structure.
March 03, 2025 | 11:45 am
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AZZ Inc. has successfully repriced its $400 million Senior Secured Revolving Line of Credit, reducing interest rate margins, commitment fees, and letter of credit fees. This move is likely to improve the company's financial flexibility and reduce its cost of capital.
The repricing of the credit line reduces AZZ's borrowing costs, which can lead to improved profitability and financial flexibility. This is a positive development for the company, likely to be viewed favorably by investors.
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