GMR Solutions Inc. announced that its subsidiary Global Medical Response has secured binding lender commitments to reprice its $2.9 billion Term Loan B facility due October 2032. The company plans to use approximately $200 million in cash on hand to voluntarily prepay outstanding debt, reducing the principal balance to roughly $2.7 billion. The repricing lowers the interest rate margin from SOFR +325 basis points to SOFR +275 basis points, a 50-basis-point reduction expected to generate approximately $28 million in annual cash interest expense savings. The transaction is anticipated to close on or about September 17, 2026, subject to customary closing conditions. GMR Solutions Inc. operates as the nation's largest provider of emergency medical services.
