TIC Solutions Announces Debt Repricing
TIC Solutions repriced its $1.6 billion First Lien Term Loan at SOFR + 250 basis points, a 25 basis point reduction from the previous margin. The maturity date of July 30, 2031, and other material provisions remain unchanged.
Key figures
- New margin bp
- 250
- Term loan value
- 1600000000
- Margin reduction bp
- 25
- Annual interest savings
- 4000000
AI analysis
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