Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ADVANCED DRAINAGE SYSTEMS, INC. incurred senior notes of $500.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 5.375% maturing March 1, 2034.
- Instrument
- senior notes
- Principal
- $500.0 million aggregate principal amount
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 5.375%
- Maturity
- March 1, 2034
- Event
- incurrence
Exact text from the filing
issued $500.0 million aggregate principal amount of its 5.375% senior notes due 2034
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ADVANCED DRAINAGE SYSTEMS, INC. amended credit facility of $600 million with Bank of America, N.A., PNC Bank, National Association at 162.5 basis points (for Term Benchmark based loans) and 62.5 basis points (for b maturing February 28, 2033.
- Instrument
- credit facility
- Principal
- $600 million
- Counterparty
- Bank of America, N.A., PNC Bank, National Association
- Rate
- 162.5 basis points (for Term Benchmark based loans) and 62.5 basis points (for b
- Maturity
- February 28, 2033
- Event
- amendment
Exact text from the filing
refinances the Term Facility under the Existing Credit Agreement by providing a new Term Facility in the initial principal amount of $600 million with a maturity date of February 28, 2033
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ADVANCED DRAINAGE SYSTEMS, INC. entered into Fourth Amendment with Bank of America, N.A., PNC Bank, National Association, Barclays Bank PLC (effective 2026-02-27).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., PNC Bank, National Association, Barclays Bank PLC
- Effective
- 2026-02-27
Exact text from the filing
On February 27, 2026, the Company entered into a Fourth Amendment (the “Fourth Amendment”) to the Company’s Credit Agreement dated as of July 31, 2019 (as amended by the First Amendment to Credit Agreement, dated as of September 24, 2019, the Second Amendment to Credit Agreement, dated as of May 26, 2022, the Third Amendment to Credit Agreement, dated as of November 26, 2025 and as further amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof the “Existing Credit Agreement”, and as amended by the Fourth Amendment, the “Credit Agreement”), with Bank of America, N.A. as administrative agent under the Term Facility, PNC Bank, National Association as administrative agent under the Revolving Facility and as Successor Administrative Agent (as defined in the Fourth Amendment), Barclays Bank PLC, as Predecessor Administrative Agent (as defined in the Fourth Amendment), and the several financial institutions from time to time party thereto as lende
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ADVANCED DRAINAGE SYSTEMS, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $500.0 million (effective 2026-02-27).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $500.0 million
- Effective
- 2026-02-27
Exact text from the filing
On February 27, 2026, Advanced Drainage Systems, Inc. (the “Company”) issued $500.0 million aggregate principal amount of its 5.375% senior notes due 2034 (the “Notes”) pursuant to an Indenture, dated February 27, 2026 (the “Indenture”), among the Company, the guarantors party thereto (as defined below, the “Guarantors”) and U.S. Bank Trust Company, National Association, as Trustee (the “Trustee”).
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