Global Blue Group Holding Ag (GB) has released an update.
Global Blue Group Holding AG has announced the successful repricing of its senior secured term loan and revolving credit facility, capitalizing on its strong recovery and continued debt reduction. By reducing the interest rate margins on both financial instruments, the company expects to lower its borrowing costs, which could further accelerate its progress towards achieving a leverage ratio below 2.5x. This financial maneuver showcases Global Blue’s commitment to enhancing its capital structure and optimizing its interest expense.
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