Vertiv, a provider of digital infrastructure and continuity solutions, completed the repricing of subsidiary Vertiv Group Corporation’s existing seven-year, $2.1 billion term loan. The repricing reduces the interest on the term loan by 25 bps to Term SOFR plus 250 bps, resulting in interest savings of approximately $5.3 million per year. According to an 8K filed with the SEC, Citibank is the administrative agent for the facility.
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