AZZ reprices $400M revolver, cutting interest rate margins by up to 100 bps

AZZ INC

Interest rate margin on revolving loans reduced from 275-350 bps to 175-275 bps.
Commitment fee reduced from 25-37.5 bps to 20-30 bps; letter of credit fee cut from 425 bps to 175-275 bps.
CFO says repricing will result in significantly lower interest costs through facility maturity.
Repricing completed on February 27, 2025; press release issued March 3, 2025.

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