Montrose reprices $175 million term loan to Libor plus 450 bps

By Wendy Van Sickle

Columbus, Ohio, Oct. 7 – Montrose Environmental Group, Inc. closed on the repricing of its $175 million term loan facility, reducing the interest rate spread by 50 basis points to Libor plus 450 bps, with a 1% floor, according to a news release.

The interest rate on the company’s revolving credit facility was unchanged at Libor plus 350 bps. The maturity date on both facilities remains unchanged in 2025.

The environmental services company focused on supporting commercial and government organizations is based in Irvine, Calif.

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