On June 9, Forgent Power Solutions rose 5.01% in regular trading, trading at $61.07/share, with trading volume of $49.19 million.

On the news front, the company previously completed the closure of its expanded Class A common share public offering priced at $47 per share. The offering comprised approximately 32.8 million shares sold by selling stockholders, with the company issuing around 15.9 million shares, including shares from the full exercise of the underwriters' overallotment option. Net proceeds were used to redeem interests in an operating subsidiary held by stockholders controlled by Neos Partners. With supply uncertainty now resolved, shares have rallied significantly above the offering price.

Additionally, the company completed a repricing of its senior credit facility, reducing the applicable interest rate from SOFR plus 300 basis points to SOFR plus 225 basis points, expected to save approximately $4.5 million in annual interest expenses, meaningfully optimizing its financial cost structure.

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