On May 27, Forgent Power Solutions rose 5.08% in regular trading, trading at $50.31/share, with trading volume of $141 million.

On the news front, the company announced it has completed the repricing of its revolving credit facility and term loan credit facility. The applicable interest rate on borrowings under its senior credit facilities has been reduced to the Secured Overnight Financing Rate (SOFR) plus 225 basis points, down from SOFR plus 300 basis points. Forgent expects the repricing will save approximately $4.5 million annually on the initial term loan facility.

The reduced borrowing cost represents a meaningful improvement to the company's financial profile. Forgent Power Solutions is a leading designer and manufacturer of electrical distribution equipment, with products widely deployed across data centers, power grids, and high-energy industrial facilities. The stock has recovered significantly from its recent pullback, supported by strong Q3 results that showed triple-digit year-over-year growth in both revenue and adjusted net income, alongside multiple investment bank target price upgrades.

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