AZZ reprices $434.9M Term Loan B, cuts rate by 75bps to SOFR+175bps

AZZ INC

$434.9M Term Loan B repriced; interest margin reduced 75bps to Adjusted Term SOFR + 175bps.
Annual interest savings of ~$3.3 million; no change to leverage, covenants, or May 2029 maturity.
Fourth repricing since May 2022, totaling 250bps of margin savings on the loan.
Net debt to EBITDA leverage stood at 1.7x as of May 2025; disciplined deleveraging continues.

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