secwatch.observer — SEC 8-K summary
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Issuer:     AdvanSix Inc. (ASIX)
CIK:        0001673985
Form:       8-K
Filed at:   2026-08-17T20:20:06+00:00
Accession:  0000950157-26-000916
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673985/000095015726000916/0000950157-26-000916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673985/000095015726000916/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-26-000916

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