---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-045245"
form_type: "8-K"
ticker: "ADV"
cik: "0001776661"
company_name: "Advantage Solutions Inc."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:14:49.605180+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Advantage Solutions amends credit agreement, cuts term loan interest margins by 25 bps

## Summary
- Third Amendment to First Lien Credit Agreement effective April 17, 2024 reduces interest margins on term loans.
- Term SOFR margin reduced to 4.25% (previously 4.50%); Base Rate margin to 3.25% (previously 3.50%).
- Resets 1.00% prepayment premium for six months for any prepayment linked to a Repricing Event.
- Amendment applies to Advantage Sales & Marketing Inc. (subsidiary) and its parent Advantage Solutions Inc. (ADV).
- No change to principal amount or maturity; only pricing and prepayment premium terms.

## SEC filing metadata
- accession: 0000950170-24-045245
- form_type: 8-K
- ticker: ADV
- cik: 0001776661
- company_name: Advantage Solutions Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1776661/000095017024045245/0000950170-24-045245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1776661/000095017024045245/adv-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-045245
- JSON: https://secwatch.observer/filing/0000950170-24-045245.json
- Plain text: https://secwatch.observer/filing/0000950170-24-045245.txt

## Key facts
- Debt Financings
  Advantage Solutions Inc. amended term loan with Bank of America, N.A. at reducing the applicable interest rate margin on the term loan (a) for Term SOFR.
  - Instrument: term loan
  - Counterparty: Bank of America, N.A.
  - Rate: reducing the applicable interest rate margin on the term loan (a) for Term SOFR
  - Event: amendment
  source text: The Third Amendment was entered into by the Borrower to amend certain terms and provisions, including: (i) reducing the applicable interest rate margin on the term loan (a) for Term SOFR Loans (as defined in the amended First Lien Credit Agreement), from 4.50% to 4.25% or (b) for Base Rate Loans (as defined in the amended First Lien Credit Agreement), from 3.50% to 3.25%; and (ii) resetting the period for six months following the Third Amendment Effective Date in which a 1.00% prepayment premium shall apply to any prepayment of the term loans in connection with a Repricing Event
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776661/000095017024045245/0000950170-24-045245-index.htm
- Material Agreements
  Advantage Solutions Inc. amended Third Amendment with Bank of America, N.A. (effective 2024-04-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Effective: 2024-04-17
  source text: On April 17, 2024 (the “ Third Amendment Effective Date ”), Advantage Sales & Marketing Inc. (the “ Borrower ”), an indirect wholly-owned subsidiary of Advantage Solutions Inc. (the “ Company ”), together with Karman Intermediate Corp., a Delaware corporation (“ Holdings ”) and certain of the Borrower’s subsidiaries, entered into Amendment No. 3 to the First Lien Credit Agreement (the “ Third Amendment ”), which amends the First Lien Credit Agreement, dated as of October 28, 2020
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776661/000095017024045245/0000950170-24-045245-index.htm

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