Ingram Micro Reduces Interest Rate on Term Loans by 50 Basis Points in Latest Amendment

Reuters
8 hours ago
Ingram Micro Reduces Interest Rate on Term Loans by 50 Basis Points in Latest Amendment

Ingram Micro Holding Corporation has announced an amendment to its Term Loan Credit Agreement, effective June 17, 2025. The amendment, which involves a reduction in the interest rate by 50 basis points, is set to lower borrowing costs for its wholly owned subsidiary, Ingram Micro Inc. Under the revised terms, the term loans will now bear interest at the Borrower's option either at a rate based on adjusted Term SOFR plus an applicable margin of 225 basis points or the base rate plus an applicable margin of 125 basis points. This adjustment aims to provide financial flexibility and reduce expenses for the company.

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