AdvanSix Inc. (ASIX) Form 8-K — Aug 17, 2026
$ASIXForm 8-KItems 1.01, 1.02, 2.03, 9.01Filed Aug 17, 2026, 4:20 PM ET0000950157-26-000916Original filing
On August 14, 2026, AdvanSix Inc. (NYSE: ASIX) completed a refinancing of its senior secured credit facilities, entering into a new Credit Agreement with Citizens Bank, N.A. as administrative agent that provides a $275 million revolving credit facility and a $150 million term loan, both maturing August 14, 2031. The company borrowed $145 million under the new revolver and the full $150 million term loan at closing, with approximately $17 million of cash on hand.
Key figures
- Debt Amount
- $425 million total commitments ($275 million revolving credit facility + $150 million term loan facility)
- Cash Position
- approximately $17 million on hand at closing
- Interest Rate
- Term SOFR + 1.50%-2.50% margin (currently 2.00%) or base rate + 0.50%-1.50% margin (currently 1.00%); commitment fee 0.20%-0.40% (currently 0.30%)
- Maturity Date
- August 14, 2031
- Term facility
- 150000000
- Swing line sublimit
- 40000000
- Term loan amortization
- 2.50% year 1, 5.00% years 2-4, 7.50% year 5 of original principal per annum
- Letter of credit sublimit
- 40000000
- Leverage covenant maximum
- 3.75:1.00
- Revolver drawn at closing
- 145000000
- Revolving credit facility
- 275000000
- Term loan drawn at closing
- 150000000
- Interest coverage covenant minimum
- 3.00:1.00
Price after filing
1 day: -0.9%7 days: +0.5%30 days: -0.5%
Close on the filing date to close N calendar days later (from $16.71). Historical, not a forecast.
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