FORT WORTH, Texas, March 3, 2025 /PRNewswire/ — AZZ Inc. (NYSE: AZZ), the prominent free supplier of hot-dip galvanizing and coil coating answers in North The united states, nowadays introduced the of entirety of repricing its $400 million Senior Attach Revolving Series of Credit score. The repricing lowered the rate of interest margin appropriate to the Revolving Credit score Loans from margins starting from 275 foundation issues to 350 foundation issues (topic to leverage ratio step-downs) to margins starting from 175 foundation issues to 275 foundation issues (topic to leverage ratio step-downs); (b) decreased the Constancy Charge appropriate to the Revolving Credit score Loans from charges starting from 25 foundation issues to 37.5 foundation issues (topic to leverage ratio step-downs) to charges starting from 20 foundation issues to 30 foundation issues (topic to leverage ratio step-downs); and (c) decreased the Letter of Credit score Charges from 425 foundation issues to charges starting from 175 foundation issues to 275 foundation issues (topic to leverage ratio step-downs).
Jason Crawford, Prominent Monetary Officer commented, “We are pleased to announce the successful completion of our revolver repricing. The repricing will result in significantly lower interest costs through the maturity of the facility and demonstrates our ongoing commitment to interest expense reduction.”
About AZZ Inc.
AZZ Inc. is the prominent free supplier of hot-dip galvanizing and coil coating answers to a vast space of end-markets. Jointly, our trade areas handover sustainable, unrivaled steel coating answers that fortify the longevity and look of constructions, merchandise and infrastructure which can be crucial to on a regular basis era.
Preserve Harbor Observation
Sure statements herein about our expectancies of year occasions or effects represent forward-looking statements for functions of the defend harbor provisions of The Non-public Securities Litigation Reform Occupation of 1995. You’ll determine forward-looking statements through terminology equivalent to “may,” “could,” “should,” “expects,” “plans,” “will,” “might,” “would,” “projects,” “currently,” “intends,” “outlook,” “forecasts,” “targets,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the destructive of those phrases or alternative related terminology. Such forward-looking statements are according to recently to be had aggressive, monetary, and financial information and control’s perspectives and suppositions referring to year occasions. Such forward-looking statements are inherently unsure, and traders should acknowledge that latest effects would possibly range from the ones expressed or implied within the forward-looking statements. Ahead-looking statements talk simplest as of the past they’re made and are topic to dangers that might make them range materially from latest effects. Sure elements may impact the result of the issues described herein. This press leave would possibly comprise forward-looking statements that contain dangers and uncertainties together with, however now not restricted to, adjustments in buyer call for for our merchandise and answers, together with call for through the development markets, the commercial markets, and the steel coatings markets. Shall we additionally enjoy backup will increase in hard work prices, parts and uncooked fabrics together with zinc and herbal fuel, which can be worn in our hot-dip galvanizing procedure; supply-chain supplier delays; buyer asked delays of our merchandise or answers; delays in backup acquisition alternatives; an build up in our debt leverage and/or rates of interest on our debt, of which a good portion is tie to variable rates of interest; availability of skilled control and workers to put into effect AZZ’s expansion technique; a downturn in marketplace situations in any trade in the case of the goods we stock or promote or the answers that we handover; financial volatility, together with a protracted financial downturn or macroeconomic situations equivalent to inflation or adjustments within the political balance in america and alternative international markets by which we perform; acts of warfare or terrorism within america or in another country; and alternative adjustments in financial and fiscal situations. AZZ has supplied backup knowledge referring to dangers related to the trade, together with in Phase I, Merchandise 1A. Possibility Components, in AZZ’s Annual Record on Mode 10-Ok for the fiscal date ended February 29, 2024, and alternative filings with the SEC, to be had for viewing on AZZ’s web page at www.azz.com and at the SEC’s web page at www.sec.gov. You’re prompt to imagine those elements moderately when comparing the forward-looking statements herein and are cautioned to not playground undue reliance on such forward-looking statements, which can be certified of their entirety through this cautionary commentary. Those statements are according to knowledge as of the past hereof and AZZ assumes disagree legal responsibility to replace any forward-looking statements, whether or not because of brandnew knowledge, year occasions, or in a different way.
Investor Family members and Corporate Touch:
David Nark, Senior Vice President of Advertising, Communications, and Investor Family members
AZZ Inc.
(817) 810-0095
www.azz.com
Investor Touch:
Sandy Martin / Phillip Kupper
3 Phase Advisors
(214) 616-2207
www.threepa.com
SOURCE AZZ, Inc.