GMR Solutions Inc. ("GMR") (NYSE:GMRS), the nation’s largest provider of emergency medical services, announced that Global Medical Response, Inc., the borrower under its first lien term loan, has obtained binding commitments to complete a repricing of its existing $2.9 billion Term Loan B facility due October 2032. In connection with the transaction, GMR expects to use approximately $200 million of cash on hand to repay outstanding term loan borrowings, reducing the outstanding principal amount of the facility to approximately $2.7 billion upon closing.

The repricing will reduce the applicable interest rate from SOFR +325 basis points to SOFR +275 basis points, reducing the applicable interest rate by 50 basis points.

"This transaction reflects the commitments we made to utilize cash generated by the business to reduce total leverage," said Brian Tierney, chief financial officer of GMR. "The combination of the repricing and $200 million debt repayment is expected to generate approximately $28 million of annual interest savings, supporting our commitment to reducing leverage while strengthening financial flexibility."

The transaction is expected to close on or about Sept. 17, 2026, subject to customary closing conditions.