secwatch.observer — SEC 8-K summary
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Issuer:     Ingevity Corp (NGVT)
CIK:        0001653477
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001193125-22-181585
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653477/000119312522181585/0001193125-22-181585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653477/000119312522181585/d341860d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-181585

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