Legence Announces Repricing of Term Loan
Legence amended its $995 million term loan facility, reducing the interest rate spread to SOFR plus 2.00%. This represents a 25 basis point reduction in pricing, reflecting lender recognition of the company's improved credit profile.
Key figures
- Term loan amount
- 995000000
- Rate reduction bps
- 25
- New interest rate spread
- SOFR + 2.00%
- Future interest rate spread
- SOFR + 1.75%
AI analysis
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