GMR Solutions reprices $2.9B term loan, repays $200M, cuts rate 50bps

GMR Solutions Inc.

• Repriced all $2.9B Term Loan B due Oct 2032; repaid $200M cash, principal now ~$2.7B.
• Interest rate margin reduced from SOFR+325bps to SOFR+275bps (50bp cut).
• Expects ~$28M annual cash interest expense savings; no new debt incurred.
• Also paid $32M cash for payroll taxes on equity award settlement; pro forma cash $188M, debt $4.27B.
• Transaction supports deleveraging objectives using cash from operations.