SOMNIGROUP INTERNATIONAL INC. (SGI): debt financing — Somnigroup reprices $1.496B term loans, margin cut by 25bp; prepays $100M

SOMNIGROUP INTERNATIONAL INC.

Amendment No. 4 reduces applicable margin on Term B Loans by 0.25% to Term SOFR+2.25% (with 0.25% further reduction based on leverage).
Company prepaid $100M of existing Term B Loans with a revolver borrowing.
New 2025 Refinancing Term B Loans of $1.496B refinance all existing 2024 Term B Loans due October 2031.
Repriced loans subject to prepayment premium for certain repricing transactions within six months.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

SOMNIGROUP INTERNATIONAL INC. amended term loan of $100.0 million of the outstanding Term B Loans prepaid with Bank of America, N.A. at applicable margin reduced by 0.25% to: (i) base rate plus 1.25%, (ii) Term Bench maturing October 2031.

Instrument: term loan
Principal: $100.0 million of the outstanding Term B Loans prepaid
Counterparty: Bank of America, N.A.
Rate: applicable margin reduced by 0.25% to: (i) base rate plus 1.25%, (ii) Term Bench
Maturity: October 2031
Event: amendment

Exact text from the filing

subject, in each case, to an additional 0.25% rate reduction based on the Company's consolidated total leverage ratio. In connection with the repricing, the Company prepaid $100.0 million of the outstanding Term B Loans (including accrued and unpaid interest in respect thereof) with a borrowing under the revolving credit facility under the Credit Agreement. The

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Source: SEC EDGAR

accession 0001206264-25-000151

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