Forgent Power Solutions, Inc. (NYSE:FPS) ("Forgent" or the "Company"), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced that on May 21, 2026 it repriced its revolving credit facility and term loan credit facility (the "Senior Credit Facilities"). Upon closing of the repricing, the applicable interest rate on borrowings under the Senior Credit Facilities will be reduced from SOFR plus 300 basis points to SOFR plus 225 basis points. This reduction is expected to result in interest savings on the initial term loan facility of approximately $4.5 million annually.

The Company expects that all other material terms of the Senior Credit Facilities, including the maturity dates and financial covenants, will remain unchanged upon the closing of the repricing. The repricing and related closing are subject to customary closing conditions, and the Company expects closing to occur in late June 2026.