FORT WORTH, Texas, Aug. 17, 2023 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced the successful repricing of AZZ's existing $1.03 billion Term Loan B due May 13, 2029. The repricing reduces the interest rate margin on the Term Loan B by 50 basis points to SOFR + 375 basis points and successfully removed the Credit Spread Adjustment (CSA) of 10 basis points resulting in annual interest savings of over $5 million per year.
Read more at prnewswire.comAZZ Inc. Announces Successful Completion of Term Loan B Refinancing in Leverage-Neutral Transaction
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