GBTG reduces interest margin on term loans by 0.50%, adds $100M incremental borrowing

Global Business Travel Group, Inc.

Amendment lowers SOFR margin to 2.00% (down 0.50%) on new Term B-2 loans; previous margin was 2.50%.
Aggregate principal amount of term loans increased by $100M; all term loans constitute a single fungible class.
New Term B-2 loans mature July 26, 2031, with quarterly amortization of $3,752,525.25.
Proceeds used to refinance existing Term B-1 loans and for working capital and general corporate purposes.
Morgan Stanley Senior Funding serves as administrative agent and lead arranger; UBS as joint bookrunner.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Global Business Travel Group, Inc. amended Amendment with Morgan Stanley Senior Funding, Inc., as the administrative agent and as the collateral agent valued at increases the aggregate principal amount of such term loans by $100,000,000 (effective 2026-01-21).

Action: amendment
Agreement: credit facility
Counterparty: Morgan Stanley Senior Funding, Inc., as the administrative agent and as the collateral agent
Value: increases the aggregate principal amount of such term loans by $100,000,000
Effective: 2026-01-21

Exact text from the filing

Global Business Travel Group, Inc. (the “Company”), GBT US III LLC (the “Initial Borrower”) and certain subsidiaries of the Company entered into a second amendment (the “Amendment”) to that certain amended and restated credit agreement, dated as of July 26, 2024

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Global Business Travel Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-005456

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