Oil-Dri Corp of America (ODC) Form 8-K — Oct 7, 2026
Oil-Dri Corporation of America entered into a Ninth Amendment to its BMO credit agreement on October 7, 2026, increasing its revolving credit facility from $75 million to $100 million and extending the termination date to October 7, 2031. The amendment also expands the accordion feature to permit increases up to the greater of $125 million or 100% of Consolidated EBITDA, reduces pricing by expanding the debt-to-earnings ratio grid, and removes the $100 million cumulative permitted acquisitions threshold. Separately, Oil-Dri amended its Prudential note purchase agreement, doubling the Shelf Notes capacity to $150 million and extending the issuance window to October 7, 2029.
Key figures
- Debt Amount
- $100,000,000 revolving credit commitment (increased from $75,000,000)
- Upfront fee
- $200,000
- New maturity
- October 7, 2031
- Accordion size
- greater of $125,000,000 or 100% of Consolidated EBITDA (up from $50,000,000)
- Prudential shelf notes
- $150,000,000 (increased from $75,000,000)
- Letter of credit sublimit
- $20,000,000
- Shelf note window extension
- October 7, 2029
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.