---
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"
generated_at: "2026-05-24T19:19:06.382074+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AMVAC Chemical amends credit facility; loosens leverage covenants, restricts dividends and buybacks

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-054368
- JSON: https://secwatch.observer/filing/0001193125-25-054368.json
- Plain text: https://secwatch.observer/filing/0001193125-25-054368.txt

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