GMR Solutions Inc. (NYSE: GMRS) announced on September 11, 2026, that its subsidiary, Global Medical Response, Inc., has secured binding commitments from lenders to complete a repricing of its existing first lien term loan facility. The transaction targets the $2.9 billion Term Loan B facility due in October 2032.
In connection with the repricing, GMR Solutions expects to voluntarily prepay approximately $200 million of the outstanding term loan using cash on hand. Upon closing, the outstanding principal amount of the facility is expected to decrease to approximately $2.7 billion.
The repricing is expected to reduce the applicable interest rate margin on the loan from SOFR + 3.25% to SOFR + 2.75%. This reduction of 50 basis points is anticipated to result in approximately $28 million of annual cash interest expense savings.
The transaction is expected to close on or about September 17, 2026, subject to the execution of definitive documentation and the satisfaction of customary closing conditions.
