GMR secures loan repricing commitments and plans $200 million repayment
GMR ($GMRS) Solutions secured commitments to reprice its approximately $2.9 billion term loan and plans to repay $200 million using cash. The refinancing would reduce the loan’s interest margin over SOFR from 3.25 to 2.75 percentage points, while leaving its 2032 maturity unchanged. After the repayment, the outstanding principal would be approximately $2.7 billion. Management estimates about $28 million in annual interest savings from the combined effect of the lower margin and smaller loan bala
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