AZZ Inc. Announces Successful Refinancing of Term Loan B, Achieving $3.3 Million in Annual Interest Savings

Reuters

08/06

AZZ Inc. Announces Successful Refinancing of Term Loan B, Achieving $3.3 Million in Annual Interest Savings

AZZ Inc., a leading provider of galvanizing and coil coating solutions in North America, has successfully completed a refinancing of its Term Loan B. This repricing initiative has led to a 75-basis point reduction in the interest rate margin, now set at SOFR + 175 basis points. The move is expected to generate annual interest savings of approximately $3.3 million. This marks the fourth successful repricing of the loan since its issuance in May 2022, resulting in a total interest rate margin savings of 250 basis points. The company has maintained its leverage ratio and covenants unchanged, with the maturity date remaining set for May 13, 2029. As of May 2025, AZZ Inc.'s net debt to EBITDA leverage ratio stands at a disciplined 1.7x.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AZZ Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000008947-25-000169), on August 05, 2025, and is solely responsible for the information contained therein.

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Announces Successful Refinancing of Term Loan B, Achieving $3.3 Million in Annual Interest Savings","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AZZ Inc. Announces Successful Refinancing of Term Loan B, Achieving $3.3 Million in Annual Interest Savings\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        AZZ Inc., a leading provider of galvanizing and coil coating solutions in North America, has successfully completed a refinancing of its Term Loan B. This repricing initiative has led to a 75-basis point reduction in the interest rate margin, now set at SOFR + 175 basis points. The move is expected to generate annual interest savings of approximately $3.3 million. 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Announces Successful Refinancing of Term Loan B, Achieving $3.3 Million in Annual Interest Savings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-06 04:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AZZ Inc. Announces Successful Refinancing of Term Loan B, Achieving $3.3 Million in Annual Interest Savings\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        AZZ Inc., a leading provider of galvanizing and coil coating solutions in North America, has successfully completed a refinancing of its Term Loan B. This repricing initiative has led to a 75-basis point reduction in the interest rate margin, now set at SOFR + 175 basis points. The move is expected to generate annual interest savings of approximately $3.3 million. This marks the fourth successful repricing of the loan since its issuance in May 2022, resulting in a total interest rate margin savings of 250 basis points. The company has maintained its leverage ratio and covenants unchanged, with the maturity date remaining set for May 13, 2029. 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ID: 0000008947-25-000169), on August 05, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4182","symbol_name":"重型电气设备","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250805:nNDLWvMW1:1","article_id":"2557831433","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557831433","pubTimestamp":1754425604,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"AZZ Inc., a leading provider of galvanizing and coil coating solutions in North America, has successfully completed a refinancing of its Term Loan B. 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