Azz inc. announces successful repricing of its senior secured revolving line of credit

Fort worth, texas , march 3, 2025 /prnewswire/ -- azz inc. (nyse: azz), the leading independent provider of hot-dip galvanizing and coil coating solutions in north america, today announced the completion of repricing its $400 million senior secured revolving line of credit. the repricing decreased the interest rate margin applicable to the revolving credit loans from margins ranging from 275 basis points to 350 basis points (subject to leverage ratio step-downs) to margins ranging from 175 basis points to 275 basis points (subject to leverage ratio step-downs); (b) reduced the commitment fee applicable to the revolving credit loans from fees ranging from 25 basis points to 37.5 basis points (subject to leverage ratio step-downs) to fees ranging from 20 basis points to 30 basis points (subject to leverage ratio step-downs); and (c) reduced the letter of credit fees from 425 basis points to fees ranging from 175 basis points to 275 basis points (subject to leverage ratio step-downs).
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