{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-054368","form_type":"8-K","ticker":"AVD","cik":"0000005981","company_name":"AMERICAN VANGUARD CORP","filed_at":"2025-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.060347+00:00","generated_at":"2026-05-24T19:19:06.382074+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"AMVAC Chemical amends credit facility; loosens leverage covenants, restricts dividends and buybacks","bullets":["Maximum Total Leverage Ratio raised to 6.25x for Q1/Q2 2025, then 5.75x for Q3, returning to 3.25x year-end.","Minimum Fixed Charge Coverage Ratio lowered to 1.15x for Q1 2025, then 1.25x thereafter.","Borrowing capacity reduced by $50M-$75M through 2026; no share repurchases or dividends without lender consent.","EBITDA add-back basket up to $50M for SIMPAS discontinuation and inventory write-downs.","Interest rates set at SOFR+3.75%, Base Rate+2.75%; additional reporting including 13-week cash flow forecasts."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-054368","json":"https://secwatch.observer/filing/0001193125-25-054368.json","markdown":"https://secwatch.observer/filing/0001193125-25-054368.md","text":"https://secwatch.observer/filing/0001193125-25-054368.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/5981/000119312525054368/0001193125-25-054368-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/5981/000119312525054368/d903583d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T19:19:06.382074+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}