Ingevity amends credit facility: revolver raised to $1B, maturity extended 5 years

Ingevity Corp

Revolving commitments increased from $500M to $1.0B, maturity extended to 5 years from June 23, 2022.
Added Ingevity UK Ltd as a borrower; interest rate margins range from 1.00%-1.75% for benchmark loans.
Repaid $256M in outstanding revolving loans and $323M in term loans as part of the refinancing.
Modified certain leverage ratio tests; JPMorgan Chase, Bank of America, Citizens, TD acted as joint lead arrangers.

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