Somnigroup Reprices $1.6 Billion Term Loan-March 2024-www.financetom.com

Somnigroup Reprices $1.6 Billion Term Loan

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Somnigroup Reprices $1.6 Billion Term Loan

Jun 18, 2025 5:23 AM

07:48 AM EDT, 06/18/2025 (MT Newswires) -- Somnigroup International ( SGI ) said Wednesday that it has repriced its $1.6 billion term loan B due October 2031.

The loan was repriced to lower the current applicable margin by 25 basis points from SOFR plus 2.50% to SOFR plus 2.25%.

The company also plans to prepay $100 million of the outstanding term loan B using cash on hand and revolver borrowings.

Somnigroup ( SGI ) said it expects the repricing and prepayment to result in annualized cash interest savings of about $5 million.

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