GMR Solutions Completes $2.9 Billion Term Loan Repricing

05:53 PM EDT, 09/17/2026 (MT Newswires) -- GMR Solutions (GMRS) has repriced all of its existing $2.9 billion term loan B facility due October 2032, the company said late Thursday. The company repaid outstanding term loan borrowings using $200 million of cash on hand, reducing the facility's outstanding principal amount to $2.7 billion, it said. The repricing lowered the applicable interest rate to secured overnight financing rate plus 275 basis points per year from SOFR plus 325 basis points, and GMR now expects to save $28 million in cash interest expense per year, it added. GMR also used about $32 million of cash on hand to satisfy payroll tax obligations from the settlement of previously granted equity awards.