Ingevity Corp (NGVT): debt financing — Ingevity refinances revolver: reduces commitments to $750M, extends maturity to 2031

Ingevity Corp

Revolver reduced from $1B to $750M; maturity extended to five years from March 26, 2026.
Outstanding $512.1M in revolver loans repaid on closing date.
Interest rate margins unchanged: benchmark +1.00%-1.75% or base +0.00%-0.75%.
Customary covenants, representations, and events of default apply; no new material terms.
Guarantors reaffirm obligations under existing loan documents.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Ingevity Corp amended revolving credit of decreased from $1 billion to $750 million with JPMorgan Chase Bank, N.A. at term benchmark rate (subject to 0.00% floor) plus applicable margin of 1.00% to maturing five years after the Closing Date (March 26, 2026).

Instrument: revolving credit
Principal: decreased from $1 billion to $750 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: term benchmark rate (subject to 0.00% floor) plus applicable margin of 1.00% to
Maturity: five years after the Closing Date (March 26, 2026)
Event: amendment

Exact text from the filing

The Amendment amends and restates the Existing Credit Agreement to, among other things, (a) extend the maturity date of the Company’s revolving credit facility to the date that is five years after the Closing Date, (b) decrease the aggregate amount of the commitments thereunder from $1 billion to $750 million and (c) effect certain other amendments.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ingevity Corp entered into Second Amendment and Restatement Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $750 million (effective 2026-03-26).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Value: $750 million
Effective: 2026-03-26

Exact text from the filing

On March 26, 2026 (the “ Closing Date ”), Ingevity Corporation (the “ Company ”), Ingevity Holdings SRL (“ Holdings ”), Ingevity UK Ltd (the “ UK Borrower ”), the other loan parties party thereto, the lenders party thereto, the issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”), collateral agent and swingline lender, entered into that certain Second Amendment and Restatement Agreement (the “ Amendment ”), which amends and restates the Amended and Restated Credit Agreement, dated as of June 23, 2022

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Source: SEC EDGAR

accession 0001104659-26-036423

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