Vertiv Holdings Co. (VRT) PT Raised to $105 at Evercore ISI
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Vertiv Announces Successful Completion of Term Loan Repricing
June 13, 2024 9:22 AM EDTCOLUMBUS, Ohio--(BUSINESS WIRE)-- Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the repricing of Vertiv Group Corporations, a subsidiary of Vertiv Holdings Co, existing seven-year $2.1 billion Term Loan. The repricing reduces the interest on the Term Loan by approximately 61 basis points to Term SOFR + 200 basis points, resulting in interest savings of approximately $13 million per year.
About Vertiv
