---
schema_version: "secwatch.filing_event.v1"
accession: "0000819793-23-000062"
form_type: "8-K"
ticker: "AIN"
cik: "0000819793"
company_name: "ALBANY INTERNATIONAL CORP /DE/"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T18:39:32.054020+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Albany International amends credit agreement to replace LIBOR with Term SOFR

## Summary
- Amendment replaces LIBOR with Term SOFR plus credit spread adjustment; floor of 0.00%.
- No other material changes to terms, covenants or conditions of $700M credit facility.
- Effective June 23, 2023; required lenders did not object within deadline.
- Outstanding LIBOR loans continue at LIBOR until end of interest period, then convert.

## SEC filing metadata
- accession: 0000819793-23-000062
- form_type: 8-K
- ticker: AIN
- cik: 0000819793
- company_name: ALBANY INTERNATIONAL CORP /DE/
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/819793/000081979323000062/0000819793-23-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/819793/000081979323000062/ain-20230623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000819793-23-000062
- JSON: https://secwatch.observer/filing/0000819793-23-000062.json
- Plain text: https://secwatch.observer/filing/0000819793-23-000062.txt

## Key facts
- Material Agreements
  ALBANY INTERNATIONAL CORP /DE/ amended Amendment with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (effective 2023-06-23).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
  - Effective: 2023-06-23
  source text: On June 23, 2023 Albany International Corp. (the “Company”) entered into an amendment (the “Amendment”) to the Amended and Restated Credit Agreement (the “Credit Agreement”), dated as of October 27, 2020, by and among the Company, Albany International Holding (Switzerland) AG, Albany International Europe GMBH, Albany International Canada Corp., the other borrowing subsidiaries party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/819793/000081979323000062/0000819793-23-000062-index.htm

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