Jazz reprices USD 1.9 billion term loan, extends maturity to 2033
JAZZ•Term loan repricing and maturity extension
Jazz repriced and extended its $1.9 billion U.S. dollar term loan, converting Tranche B-2 into a new Tranche B-3.
Maturity was pushed to May 5, 2033 from May 5, 2028 under Amendment No. 4 to the 2021 credit agreement.
The margin was cut by 50 basis points to 1.75% over Term SOFR or 0.75% over prime; the Term SOFR floor was set at 0.5%.
The company borrowed an additional USD 273.31 million of Tranche B-3 loans to repay B-2 amounts not converted by lenders.
Quarterly amortization was set at 0.25% of initial principal, with the remaining balance due at maturity.
