Azz inc. announces successful completion of term loan b refinancing in leverage-neutral transaction

Fort worth, texas, march 20, 2024 /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 currently existing $980 million 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 + 325 basis points resulting in annual interest savings of approximately $5 million per year.
AZZ Ratings Summary
AZZ Quant Ranking