**Vertiv Holdings Co Successfully Amends Term Loan Credit Agreement**

On December 13, 2024, Vertiv Holdings Co, a global provider of critical digital infrastructure and continuity solutions, announced a significant development in its financial agreements. The company’s subsidiary, Vertiv Group Corporation, entered into Amendment No. 5 to the Term Loan Credit Agreement with Citibank, N.A., and other parties involved.

The Amendment, signed with effect from December 13, 2024, modifies the Term Loan Credit Agreement dated March 2, 2020. Notably, the interest rate margin for Vertiv Group Corporation’s outstanding term loans was reduced by 0.25% as a result of the Amendment. This reduction brings the interest rates to 1.75% for loans based on the Term SOFR rate and 0.75% for loans based on a defined base rate.

The maturity date for the term loans remains unchanged at March 2, 2027, while other critical provisions of the Credit Agreement have not undergone substantial alterations. As of the mentioned date, the outstanding principal amount under the Credit Agreement stood at approximately $2,102,272,299.05.

Nevertheless, the information provided is not exhaustive. Investors are advised to refer directly to the Amendment, which is available as Exhibit 10.1 in the company’s SEC filing. The representations and warranties in the Amendment are specific to the parties involved and may not fully reflect the current state of the company.

Additionally, a press release associated with the Amendment has been included as Exhibit 99.1 in the filing, providing further details on the matter.

The company’s successful completion of the repricing of its Term Loan, as announced separately, is expected to result in significant interest savings. Significantly, the reduction in interest on the Term Loan by 25 basis points to the Term SOFR + 175 basis points is anticipated to save around $5 million annually.

About Vertiv Holdings Co, the firm is known for bringing together hardware, software, analytics, and ongoing services to ensure continuous operation, optimal performance, and seamless growth in critical applications for its clients. Operating globally, Vertiv provides solutions for data centers, communication networks, and commercial and industrial facilities.

In closing, Vertiv Holdings Co emphasizes the importance of forward-looking statements, as the recent changes in the Term Loan Credit Agreement signify a positive stride in the company’s financial strategies.

For additional information and updates from Vertiv Holdings Co, visit their official website at Vertiv.com.

This article is not exhaustive and provides a brief overview of the recent financial developments at Vertiv Holdings Co as per the 8-K SEC filing. Interested parties are advised to refer to the original filing for comprehensive details.

For investor inquiries, please contact: Lynne Maxeiner, Vice President, Global Treasury & Investor Relations at Vertiv (T +1 614-841-6776, E: [email protected]).

For media inquiries, please contact: Sara Steindorf, FleishmanHillard for Vertiv (T +1 314-982-1725, E: [email protected]).

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Vertiv’s 8K filing here.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.