Vertiv announces successful completion of term loan repricing

Columbus, ohio--(business wire)--vertiv (nyse: vrt), a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the repricing of vertiv group corporation's, a subsidiary of vertiv holdings co, existing seven-year $2.1 billion term loan. the repricing reduces the interest rate on the term loan by 25 basis points to term sofr + 175 basis points, resulting in interest savings of approximately $5 million per year. about vertiv vertiv (nyse: vrt).
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