Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Covista Inc. incurred term loan of $510 million with Morgan Stanley Senior Funding, Inc. at Term SOFR plus 2.25% (subject to a SOFR floor of 0.75%) or an alternate base rat maturing March 2, 2033.
- Instrument
- term loan
- Principal
- $510 million
- Counterparty
- Morgan Stanley Senior Funding, Inc.
- Rate
- Term SOFR plus 2.25% (subject to a SOFR floor of 0.75%) or an alternate base rat
- Maturity
- March 2, 2033
- Event
- incurrence
Exact text from the filing
in order to, among other things, incur new term loans thereunder (consisting of refinancing term loans and incremental term loans) in an aggregate original principal amount of $510 million (collectively, the “2026 Term Loans”), which 2026 Term Loans mature on March 2, 2033.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Covista Inc. amended Amendment No. 5 to Credit Agreement and Incremental Assumption Agreement with Morgan Stanley Senior Funding, Inc., as administrative agent, and the lender party valued at $510 million (effective 2026-03-02).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc., as administrative agent, and the lender party
- Value
- $510 million
- Effective
- 2026-03-02
Exact text from the filing
On March 2, 2026, Covista Inc. (formerly known as Adtalem Global Education Inc.) ("Covista", the "Company", or "we") entered into Amendment No. 5 to Credit Agreement and Incremental Assumption Agreement, dated as of March 2, 2026 (the "Amendment"), by and among the Company, as borrower, the guarantors party thereto, the lender party thereto and Morgan Stanley Senior Funding, Inc. ("MSSF"), as administrative agent
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Covista Inc. terminated Indenture with U.S. Bank National Association, as trustee and notes collateral agent valued at approximately $404,950,000 (effective 2026-03-02).
- Action
- termination
- Agreement
- notes offering
- Counterparty
- U.S. Bank National Association, as trustee and notes collateral agent
- Value
- approximately $404,950,000
- Effective
- 2026-03-02
Exact text from the filing
Upon deposit of the Redemption Payment with the Trustee on the Redemption Date, the Indenture was fully satisfied and discharged in accordance with its terms and the Company and the subsidiary guarantors party thereto have no further obligations under the Indenture.
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