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SEC filingAZZ Inc. entered into the Seventh Amendment to its Credit Agreement, extending revolving credit commitments to May 7, 2029 and reducing interest rate margins, commitment fees, and letter of credit fees.
The Seventh Amendment extends AZZ Inc.'s revolving credit facility maturity from its prior date to May 7, 2029, providing three additional years of liquidity. This replaces the initial commitments under the May 13, 2022 Credit Agreement, with extending lenders providing new commitments on identical terms except for the extended maturity and reduced pricing. The margin reductions across loans, commitment fees, and LC fees—each by 50 basis points at comparable leverage levels—lower borrowing costs, supporting improved interest expense management. An upfront fee of 0.09% was paid to extending lenders, with effectiveness conditioned on standard closing deliverables, representations, and fee payments. Joint lead arrangers include Wells Fargo Securities, BofA Securities, and others.