Loan & DebtJun 26, 2026, 06:12 AM
Forgent Power Refinances $600M Term Loans, Reduces Interest Rates
AI Summary
Forgent Power Solutions, Inc.'s subsidiary, Forgent Power LLC, entered into Amendment No. 1 to its Credit Agreement on June 23, 2026. This amendment refinanced $600,000,000 of initial term loans and reduced the applicable interest rate margins for both the new term loans and existing revolving credit commitments. The refinancing offers more favorable interest rate terms for the company's debt.
Key Highlights
- Forgent Power LLC, a subsidiary, entered into Amendment No. 1 to its Credit Agreement on June 23, 2026.
- Refinanced $600,000,000 in initial term loans with Amendment No. 1 Refinancing Term Loans.
- Reduced the applicable interest rate margin for the refinanced term loans.
- Reduced the applicable interest rate margin on existing revolving credit commitments.
- New interest rate margin for base rate option is 1.25% per annum.
- New interest rate margin for Term SOFR option is 2.25% per annum.
Price Impact
More from FPS