AZZ Inc. announced the successful repricing of its $400 million Senior Secured Revolver due May 2027. The repricing reduces AZZ's interest rate margin on its Senior Secured Revolver across all leveraged-based pricing tiers, which range from SOFR + 275 to 350 basis points and opening up at SOFR + 300 basis points. In addition, AZZ successfully removed the Credit Spread Adjustment ("CSA") of 10 basis points from the Senior Secured Revolver.

The repricing will result in significantly lower interest costs through the maturity of the facility.