Global Blue Group Holding (GB) said Monday that it has repriced its seven-year senior secured term loan of 610 million euros ($644.6 million) and a senior secured revolving credit facility of 97.5 million euros.
The term loan's interest rate margin will go down to 3.25% per annum from 3.75%, Global Blue said.
Global Blue said that the move came after the company's net leverage fell to 2.9x in September from 3.4x in June, and that the repricing was allocated by its unit Global Blue Acquisition.
The repricing is slated to be completed on or before Dec. 31.
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