debt
confidence high
sentiment neutral
materiality 0.60
FMC extends covenant relief period to Dec 2027, amends leverage/interest coverage thresholds
FMC CORP
- Covenant Relief Period Termination Date extended to December 31, 2027.
- Maximum Leverage Ratio steps down from 5.25x (Q1 2025) to 3.75x by Q4 2027.
- Minimum Interest Coverage Ratio set at 3.00x through Q4 2025, then 3.50x thereafter.
- Consenting lenders receive 0.02% consent fee on aggregate commitments.
- No default or event of default occurred as of Third Amendment Effective Date.