Vertiv Holdings said that on June 13, 2024, Vertiv Group Corporation, an indirect wholly owned subsidiary, as borrower, entered into Amendment No. 4 to the Term Loan Credit Agreement with Citibank, N.A., as administrative agent.

1. 01

   Vertiv Holdings said that on June 13, 2024, Vertiv Group Corporation, an indirect wholly owned subsidiary, as borrower, entered into Amendment No. 4 to the Term Loan Credit Agreement with Citibank, N.A., as administrative agent.

2. 02

   The company said the amendment reduced the interest rate margin on the borrower's existing term loans by 0.50%, to 2.00% for term loans based on Term SOFR and to 1.00% for term loans based on the base rate.

3. 03

   The company said the amendment removed the Term SOFR adjustments for all interest periods, lowering the interest rate on Term SOFR-based term loans by 0.11448% for the 1-month interest period and by 0.71513% for the 12-month interest period. It said the press release put annual interest savings at about $13 million.

4. 04

   The company said the maturity date of the term loans remains March 2, 2027, and that the principal amount outstanding under the credit agreement was about $2,112,836,481.35 as of June 13, 2024.

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