AdvanSix closes $425M refinancing: $275M revolver and $150M term loan, maturity 2031

AdvanSix Inc.

New Credit Agreement with Citizens Bank as agent provides $275M revolver and $150M term loan, both maturing Aug 14, 2031.
Borrowed $145M under revolver and $150M under term loan at close; proceeds repaid existing Truist-led facility.
Interest margins: base rate +0.50%-1.50%, Term SOFR +1.50%-2.50%; current margins 1.00% and 2.00%.
Financial covenants: interest coverage ≥3.00x, leverage ≤3.75x; term loan amortizes 2.5%-7.5% quarterly.
Existing credit agreement terminated and all guarantees/security interests released on Aug 14, 2026.

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