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Stock impact report

Janus International Group Successfully Completes Term Loan Repricing

Janus International Group, Inc. (JBI) 
Company Research Source: Business Wire
TEMPLE, Ga.--(BUSINESS WIRE)--Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of building product solutions and cutting-edge access control technologies for the self-storage and other commercial and industrial sectors, today announced a repricing of its first lien term loan.The repricing, which was privately placed with institutional lenders in the syndicated loan market, reduces the applicable interest rate on the $551 million first lien term loan by 50 bps from SOFR + 250 bps to SOFR + 200 bps. There are no changes to the maturity of the first lien term loan following this repricing and all other terms are substantially unchanged.“We are pleased to complete this repricing which reflects the strength of our balance sheet and the confidence of our lenders,” said Anselm Wong, Executive Vice President and Chief Financial Officer. “By lowering our cost of capital, we are enhancing our financial flexibility to execute on our capital allocatio Show less Read more
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