GMR Solutions plans USD 200 million term loan repayment - GMRS News | RalliesGMR Solutions plans USD 200 million term loan repayment
G
GMRS• Term loan repricing and repayment plan
- GMR Solutions obtained binding commitments to reprice its $2.9 billion Term Loan B due October 2032.
- The company plans to repay about $200 million of term loan borrowings from cash on hand, cutting outstanding principal to about $2.7 billion.
- The repricing lowers the margin to SOFR +275 bps from SOFR +325 bps, implying a 50-bp reduction.
- The transaction is expected to close around Sept. 17, 2026.
•
