---
schema_version: "secwatch.filing_event.v1"
accession: "0000730464-26-000010"
form_type: "8-K"
ticker: "CVSA"
cik: "0000730464"
company_name: "Covista Inc."
filed_at: "2026-03-03T23:59:59+00:00"
generated_at: "2026-05-15T22:24:07.688983+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Covista enters $510M term loan refinancing, redeems $405M senior notes

## Summary
- New $510M 2026 Term Loans issued under amended credit agreement, maturing March 2, 2033.
- Proceeds used to refinance existing term loans and redeem $404.95M of 5.50% Senior Secured Notes due 2028.
- Interest rate: Term SOFR + 2.25% (0.75% floor) or alternate base rate + 1.25%, a 0.50% margin reduction.
- Notes redemption completed on March 2, 2026; Indenture fully satisfied and discharged.
- Amendment executed with Morgan Stanley Senior Funding as administrative agent.

## SEC filing metadata
- accession: 0000730464-26-000010
- form_type: 8-K
- ticker: CVSA
- cik: 0000730464
- company_name: Covista Inc.
- filed_at: 2026-03-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730464/000073046426000010/0000730464-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730464/000073046426000010/cvsa-20260302x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000730464-26-000010
- JSON: https://secwatch.observer/filing/0000730464-26-000010.json
- Plain text: https://secwatch.observer/filing/0000730464-26-000010.txt

## Source-grounded claims
- claim_id: be8cf269cd77fe7df3b9ba3e29b4e52a4f1310de
  claim: 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.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/730464/000073046426000010/0000730464-26-000010-index.htm
- claim_id: 987ee15389d5c72161f2be591fc7e8b35463df78
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/730464/000073046426000010/0000730464-26-000010-index.htm
- claim_id: cad1026a251013aadda1a62e0d872a83e1681db5
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/730464/000073046426000010/0000730464-26-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.