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Milacron Holdings Corp. Announces Proposed Re-Pricing Transaction

CINCINNATI--(BUSINESS WIRE)--Milacron Holdings Corp. (NYSE:MCRN), a leading industrial technology company serving the plastic processing industry, today announced that its wholly owned subsidiary, Milacron LLC, has re-priced its $940 million senior secured term loan with a maturity date of September 28, 2023, reducing the interest rate from LIBOR plus 3.00% to LIBOR plus 2.75%. The interest rate reduces to LIBOR plus 2.50% when Milacron’s net total leverage is less than or equal to 3.50x (adjusted on a quarterly basis).