Vertiv reprices $2.1B term loan, reducing interest rate by ~61 bps, saving $13M/year

Vertiv Holdings Co

Principal outstanding $2.113B; interest margin cut to Term SOFR + 2.00% (down 50 bps) and base rate + 1.00%.
Term SOFR credit spread adjustments eliminated, reducing one-month SOFR rate by ~11.4 bps.
Annual interest savings of approximately $13 million per year; maturity remains March 2, 2027.
Amendment No. 4 to Term Loan Credit Agreement dated June 13, 2024.

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