{"id":966648,"date":"2026-05-26T07:03:12","date_gmt":"2026-05-26T11:03:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/forgent-power-solutions-announces-repricing-of-its-senior-credit-facilities\/"},"modified":"2026-05-26T07:03:12","modified_gmt":"2026-05-26T11:03:12","slug":"forgent-power-solutions-announces-repricing-of-its-senior-credit-facilities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/forgent-power-solutions-announces-repricing-of-its-senior-credit-facilities\/","title":{"rendered":"Forgent Power Solutions Announces Repricing of its Senior Credit Facilities"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Forgent Power Solutions Announces Repricing of its Senior Credit Facilities<\/b><\/p>\n<p>DAYTON, Minn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nForgent Power Solutions, Inc. (NYSE: FPS) (\u201cForgent\u201d or the \u201cCompany\u201d), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced that on May 21, 2026 it repriced its revolving credit facility and term loan credit facility (the \u201cSenior Credit Facilities\u201d). Upon closing of the repricing, the applicable interest rate on borrowings under the Senior Credit Facilities will be reduced from SOFR plus 300 basis points to SOFR plus 225 basis points. This reduction is expected to result in interest savings on the initial term loan facility of approximately $4.5 million annually.<\/p>\n<p>\nThe Company expects that all other material terms of the Senior Credit Facilities, including the maturity dates and financial covenants, will remain unchanged upon the closing of the repricing. The repricing and related closing are subject to customary closing conditions, and the Company expects closing to occur in late June 2026.<\/p>\n<p><b>About Forgent Power Solutions, Inc.<\/b><\/p>\n<p>\nForgent is a leading U.S. designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. The Company specializes in manufacturing custom products that are \u201cengineered-to-order\u201d for technically demanding applications. We believe Forgent is one of a small number of companies that can manufacture all of the electrical distribution equipment required for a data center or large manufacturing facility\u2019s powertrain with some of the highest levels of customization and shortest lead times available in the industry.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould\u201d or similar expressions and the negatives of those terms.<\/p>\n<p>\nForward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on forward-looking statements. These factors include but are not limited to those described in Forgent\u2019s public filings with the Securities and Exchange Commission (the \u201cSEC\u201d). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in Forgent\u2019s public filings with the SEC. Except as required by law, Forgent assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260526215308r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260526215308\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260526215308\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contact<br \/>\n<\/b><br \/>Kate Africk<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kate.africk@forgentpower.com\">kate.africk@forgentpower.com<br \/>\n<\/a><\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:media@forgentpower.com\">media@forgentpower.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Minnesota<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Engineering Other Energy Utilities Other Technology Manufacturing Energy Hardware Data Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260526215308\/en\/2814531\/3\/684090870d3c9f0742fb9f73b0b0170f.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Forgent Power Solutions Announces Repricing of its Senior Credit Facilities DAYTON, Minn.&#8211;(BUSINESS WIRE)&#8211; Forgent Power Solutions, Inc. (NYSE: FPS) (\u201cForgent\u201d or the \u201cCompany\u201d), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced that on May 21, 2026 it repriced its revolving credit facility and term loan credit facility (the \u201cSenior Credit Facilities\u201d). Upon closing of the repricing, the applicable interest rate on borrowings under the Senior Credit Facilities will be reduced from SOFR plus 300 basis points to SOFR plus 225 basis points. This reduction is expected to result in interest savings on the initial term loan facility of approximately $4.5 million annually. The Company expects that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/forgent-power-solutions-announces-repricing-of-its-senior-credit-facilities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forgent Power Solutions Announces Repricing of its Senior Credit Facilities&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-966648","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forgent Power Solutions Announces Repricing of its Senior Credit Facilities - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/forgent-power-solutions-announces-repricing-of-its-senior-credit-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forgent Power Solutions Announces Repricing of its Senior Credit Facilities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Forgent Power Solutions Announces Repricing of its Senior Credit Facilities DAYTON, Minn.&#8211;(BUSINESS WIRE)&#8211; Forgent Power Solutions, Inc. (NYSE: FPS) (\u201cForgent\u201d or the \u201cCompany\u201d), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced that on May 21, 2026 it repriced its revolving credit facility and term loan credit facility (the \u201cSenior Credit Facilities\u201d). Upon closing of the repricing, the applicable interest rate on borrowings under the Senior Credit Facilities will be reduced from SOFR plus 300 basis points to SOFR plus 225 basis points. This reduction is expected to result in interest savings on the initial term loan facility of approximately $4.5 million annually. 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