Zebra Reprices $1.7 Billion Term Loan

Zebra Technologies, a provider of information and data capture systems, said Wednesday that it has successfully repriced its $1.7 billion term loan, effective Dec. 6.

Under the amended credit agreement, the interest rate has been reduced by 75 basis points to LIBOR plus 2.5%, which is estimated to generate annual savings of $13 million.

For Q4, the company expects to incur $1 million of accelerated amortization of debt issuance and discount, $1 million of repricing transaction fees, and generate interest expense savings of $1 million.

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