{"success":true,"data":{"pressRelease":{"id":"146968","rtpr_id":"nBw6k3njXa-20260917","ticker":"GMRS","exchange":"NYSE","all_tickers":["GMRS"],"title":"GMR Solutions Inc. Completes Term Loan Refinancing and $200 Million Debt Repayment","author":"Business Wire","published_at":"2026-09-17T20:42:00.081Z","article_body":"GMR Solutions Inc. Completes Term Loan Refinancing and $200 Million Debt\nRepayment\n\nGMR Solutions Inc. (“GMR”) (NYSE: GMRS), the nation’s largest provider\nof emergency medical services, completed successful repricing of all its\nexisting $2.9 billion Term Loan B facility due October 2032.\n\nRepricing\n\nGMR used approximately $200 million of cash on hand to repay outstanding term\nloan borrowings, reducing the outstanding principal amount of the facility to\napproximately $2.7 billion.\n\nThe repricing reduced the applicable interest rate from SOFR +325 basis points\nper annum to SOFR +275 basis points per annum, reducing the applicable\ninterest rate by 50 basis points. GMR incurred no additional indebtedness as a\nresult of the transaction and expects to realize approximately $28 million of\nannual cash interest expense savings.\n\nIn addition, GMR used approximately $32 million of cash on hand to satisfy\nrequired payroll tax obligations arising in connection with the settlement of\ncertain previously granted equity awards.\n\nAbout Global Medical Response\n\nGMR is the nation’s largest provider of emergency medical services (EMS),\ndelivering EMS and other essential out-of-hospital care in rural and urban\ncommunities that represent approximately 60% of the U.S. population. As the\nonly national, fully integrated, air and ground EMS provider, GMR operates in\napproximately 1,400 counties across the country. A recognized innovator, GMR\ndevelops new solutions to meet evolving industry needs and expand access to\nhigh-quality care. With roughly 34,000 team members, GMR supports nearly 5.5\nmillion patient encounters annually and performs a critical care intervention\nevery 88 seconds. Its family of solutions includes ambulance EMS provider\nAmerican Medical Response, as well as multiple air EMS organizations including\nAir Evac Lifeteam, REACH Air Medical Services, Guardian Flight, Med-Trans\nCorporation, and AirMed International.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe federal securities laws, including statements regarding the expected\nannual interest savings resulting from the completed repricing transaction.\nActual results may differ materially from those expressed or implied by these\nforward-looking statements due to a variety of risks and uncertainties,\nincluding changes in interest rates and other factors beyond GMR’s control.\nGMR undertakes no obligation to update any forward-looking statements except\nas required by law.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260916514180/en/\n(https://www.businesswire.com/news/home/20260916514180/en/)\n\nGMR Contacts:\nMedia Contact:\nKirsten Gurmendi\nAssociate Vice President, Public Relations, GMR Solutions Inc.\nmedia@gmr.net (mailto:media@gmr.net) \n877.418.2980\n\nInvestor Contact:\nKrister Sorensen\nVice President, Investor Relations, GMR Solutions Inc.\nInvestor.relations@gmr.net (mailto:Investor.relations@gmr.net)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw6k3njXa-20260917","title":"GMR Solutions Inc. Completes Term Loan Refinancing and $200 Million Debt Repayment","author":"Business Wire","ticker":"GMRS","created":"2026-09-17T20:42:00.081Z","tickers":["GMRS"],"exchange":"NYSE","article_body":"GMR Solutions Inc. Completes Term Loan Refinancing and $200 Million Debt\nRepayment\n\nGMR Solutions Inc. (“GMR”) (NYSE: GMRS), the nation’s largest provider\nof emergency medical services, completed successful repricing of all its\nexisting $2.9 billion Term Loan B facility due October 2032.\n\nRepricing\n\nGMR used approximately $200 million of cash on hand to repay outstanding term\nloan borrowings, reducing the outstanding principal amount of the facility to\napproximately $2.7 billion.\n\nThe repricing reduced the applicable interest rate from SOFR +325 basis points\nper annum to SOFR +275 basis points per annum, reducing the applicable\ninterest rate by 50 basis points. GMR incurred no additional indebtedness as a\nresult of the transaction and expects to realize approximately $28 million of\nannual cash interest expense savings.\n\nIn addition, GMR used approximately $32 million of cash on hand to satisfy\nrequired payroll tax obligations arising in connection with the settlement of\ncertain previously granted equity awards.\n\nAbout Global Medical Response\n\nGMR is the nation’s largest provider of emergency medical services (EMS),\ndelivering EMS and other essential out-of-hospital care in rural and urban\ncommunities that represent approximately 60% of the U.S. population. As the\nonly national, fully integrated, air and ground EMS provider, GMR operates in\napproximately 1,400 counties across the country. A recognized innovator, GMR\ndevelops new solutions to meet evolving industry needs and expand access to\nhigh-quality care. With roughly 34,000 team members, GMR supports nearly 5.5\nmillion patient encounters annually and performs a critical care intervention\nevery 88 seconds. Its family of solutions includes ambulance EMS provider\nAmerican Medical Response, as well as multiple air EMS organizations including\nAir Evac Lifeteam, REACH Air Medical Services, Guardian Flight, Med-Trans\nCorporation, and AirMed International.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe federal securities laws, including statements regarding the expected\nannual interest savings resulting from the completed repricing transaction.\nActual results may differ materially from those expressed or implied by these\nforward-looking statements due to a variety of risks and uncertainties,\nincluding changes in interest rates and other factors beyond GMR’s control.\nGMR undertakes no obligation to update any forward-looking statements except\nas required by law.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260916514180/en/\n(https://www.businesswire.com/news/home/20260916514180/en/)\n\nGMR Contacts:\nMedia Contact:\nKirsten Gurmendi\nAssociate Vice President, Public Relations, GMR Solutions Inc.\nmedia@gmr.net (mailto:media@gmr.net) \n877.418.2980\n\nInvestor Contact:\nKrister Sorensen\nVice President, Investor Relations, GMR Solutions Inc.\nInvestor.relations@gmr.net (mailto:Investor.relations@gmr.net)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-17T20:42:00.119588322Z","server_sent_at_ms":1789677720119},"received_at":"2026-09-17T20:42:00.174Z","source_url":"https://www.businesswire.com/news/home/20260916514180/en/"},"analysis":{"id":"135800","press_release_id":"146968","analysis_json":{"industry":{"label":"Health Care Providers & Services","sector":"Health Care"},"redFlags":["Interest savings sit on a floating SOFR base — a decline in SOFR would reduce the ~$28M annual benefit","Transaction consumed roughly $232 million of cash on hand ($200M debt repayment plus $32M equity-award payroll taxes), reducing liquidity"],"eventType":"debt_offering","narrative":"GMR Solutions completed a full repricing of its $2.9 billion Term Loan B facility due October 2032, cutting the applicable rate from SOFR +325 basis points to SOFR +275 basis points.\n\nThe company used roughly $200 million of cash on hand to repay borrowings, reducing outstanding principal to approximately $2.7 billion with no new debt incurred, and expects to realize approximately $28 million of annual cash interest expense savings.\n\nGMR also spent about $32 million of cash to satisfy payroll tax obligations tied to settling previously granted equity awards. Net of that outflow, the refinancing is a clean deleveraging-and-savings event that modestly improves free cash flow and leverage.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Largest US EMS operator deleverages: 50 bps repricing and $200M paydown lock in ~$28M of annual interest savings."},"keyFigures":{"customDimensions":{"maturity":"October 2032","rate_after":"SOFR +275 bps","rate_before":"SOFR +325 bps","rate_reduction":"50 basis points","term_loan_facility":"$2.9 billion","remaining_principal":"$2.7 billion","annual_interest_savings":"$28 million","cash_used_for_repayment":"$200 million","equity_award_payroll_tax_payment":"$32 million"}},"namedEntities":{"people":[{"name":"Kirsten Gurmendi","role":"Associate Vice President, Public Relations, GMR Solutions Inc."},{"name":"Krister Sorensen","role":"Vice President, Investor Relations, GMR Solutions Inc."}],"products":[],"companies":[{"name":"GMR Solutions Inc.","ticker":"GMRS","relationship":"filer"},{"name":"American Medical Response","relationship":"subsidiary (ambulance EMS)"},{"name":"Air Evac Lifeteam","relationship":"subsidiary (air EMS)"},{"name":"REACH Air Medical Services","relationship":"subsidiary (air EMS)"},{"name":"Guardian Flight","relationship":"subsidiary (air EMS)"},{"name":"Med-Trans Corporation","relationship":"subsidiary (air EMS)"},{"name":"AirMed International","relationship":"subsidiary (air EMS)"}],"dollarAmounts":[{"amount":"$2.9 billion","context":"existing Term Loan B facility repriced in full"},{"amount":"$200 million","context":"cash on hand used to repay term loan borrowings"},{"amount":"$2.7 billion","context":"remaining outstanding principal after repayment"},{"amount":"$28 million","context":"expected annual cash interest expense savings"},{"amount":"$32 million","context":"cash used to satisfy payroll tax obligations on settled equity awards"}]},"materialImpact":{"score":3,"reasoning":"A 50 bps repricing of the full $2.9B Term Loan B plus a $200M cash paydown cuts expected annual cash interest expense by ~$28M with no new debt incurred. A tangible balance-sheet improvement, but a routine refinancing rather than a market-moving event."},"tickerRelevance":{"others":[],"primary":"GMRS"},"globalImportance":30,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large healthcare services operator","eventGravity":"debt repricing with voluntary deleveraging","sectorWeight":"health care providers","issuerAuthored":true,"balanceSheetImpact":"$28M annual interest savings on $2.7B remaining facility","householdBrandBoost":"American Medical Response / Air Evac brand recognition, minor"}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"GMR Solutions completed a full repricing of its $2.9 billion Term Loan B facility due October 2032, cutting the applicable rate from SOFR +325 basis points to SOFR +275 basis points.\n\nThe company used roughly $200 million of cash on hand to repay borrowings, reducing outstanding principal to approximately $2.7 billion with no new debt incurred, and expects to realize approximately $28 million of annual cash interest expense savings.\n\nGMR also spent about $32 million of cash to satisfy payroll tax obligations tied to settling previously granted equity awards. Net of that outflow, the refinancing is a clean deleveraging-and-savings event that modestly improves free cash flow and leverage.","key_figures":{"customDimensions":{"maturity":"October 2032","rate_after":"SOFR +275 bps","rate_before":"SOFR +325 bps","rate_reduction":"50 basis points","term_loan_facility":"$2.9 billion","remaining_principal":"$2.7 billion","annual_interest_savings":"$28 million","cash_used_for_repayment":"$200 million","equity_award_payroll_tax_payment":"$32 million"}},"named_entities":{"people":[{"name":"Kirsten Gurmendi","role":"Associate Vice President, Public Relations, GMR Solutions Inc."},{"name":"Krister Sorensen","role":"Vice President, Investor Relations, GMR Solutions Inc."}],"products":[],"companies":[{"name":"GMR Solutions Inc.","ticker":"GMRS","relationship":"filer"},{"name":"American Medical Response","relationship":"subsidiary (ambulance EMS)"},{"name":"Air Evac Lifeteam","relationship":"subsidiary (air EMS)"},{"name":"REACH Air Medical Services","relationship":"subsidiary (air EMS)"},{"name":"Guardian Flight","relationship":"subsidiary (air EMS)"},{"name":"Med-Trans Corporation","relationship":"subsidiary (air EMS)"},{"name":"AirMed International","relationship":"subsidiary (air EMS)"}],"dollarAmounts":[{"amount":"$2.9 billion","context":"existing Term Loan B facility repriced in full"},{"amount":"$200 million","context":"cash on hand used to repay term loan borrowings"},{"amount":"$2.7 billion","context":"remaining outstanding principal after repayment"},{"amount":"$28 million","context":"expected annual cash interest expense savings"},{"amount":"$32 million","context":"cash used to satisfy payroll tax obligations on settled equity awards"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-17T20:42:51.792Z","global_importance":30,"audience_relevance":25,"importance_components":{"tickerTier":"large healthcare services operator","eventGravity":"debt repricing with voluntary deleveraging","sectorWeight":"health care providers","issuerAuthored":true,"balanceSheetImpact":"$28M annual interest savings on $2.7B remaining facility","householdBrandBoost":"American Medical Response / Air Evac brand recognition, minor"}},"durationMs":51607,"modelName":"glm-5.3-flash"}}