---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-115049"
form_type: "8-K"
ticker: "AVD"
cik: "0000005981"
company_name: "AMERICAN VANGUARD CORP"
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:44:58.481110+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# American Vanguard enters $285M term loan facility to refinance existing debt

## Summary
- New $225M first lien term loan at SOFR+8.25% (or Base+7.25%) with step-downs; $60M second lien at SOFR+2.00% (3.00% floor).
- Maturity March 13, 2031; quarterly principal payments: first lien 0.25% (starting June 30, 2026), second lien 2.50% (starting Sep 30, 2027).
- Proceeds used to fully retire existing $216.5M Prior Credit Agreement; ~$68.5M earmarked for general corporate and working capital.
- Covenants include minimum liquidity and maximum first lien leverage ratio; appointment of independent directors and board reduction to 7 members required.
- Prior credit agreement terminated without early termination penalties.

## SEC filing metadata
- accession: 0001193125-26-115049
- form_type: 8-K
- ticker: AVD
- cik: 0000005981
- company_name: AMERICAN VANGUARD CORP
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/5981/000119312526115049/0001193125-26-115049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/5981/000119312526115049/d92054d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-115049
- JSON: https://secwatch.observer/filing/0001193125-26-115049.json
- Plain text: https://secwatch.observer/filing/0001193125-26-115049.txt

## Source-grounded claims
- claim_id: 2eb8daff4903697a3665d38c4f2a2894b9ffcb07
  claim: AMERICAN VANGUARD CORP incurred term loan of $60 million with BMO Bank N.A. at SOFR-based rate plus an applicable margin of 2.00% per annum, subject to a SOFR maturing March 13, 2031.
  evidence_excerpt: of the Company, including AMVAC. Second Lien Term Loan The Second Lien Term Loan is a secured term loan facility with a five year term for an aggregate principal amount of $60 million. The Second Lien Term Loan contains customary representations and warranties, affirmative and negative covenants and events of default for financings of this type. AMVAC is
  evidence_url: https://www.sec.gov/Archives/edgar/data/5981/000119312526115049/0001193125-26-115049-index.htm
- claim_id: a9ee7f67afd36228395bb0b56998313192502b04
  claim: AMERICAN VANGUARD CORP incurred term loan of $225 million with Centerbridge Partners, L.P. at SOFR-based rate plus an applicable margin initially equal to 8.25% per annum maturing March 13, 2031.
  evidence_excerpt: permitted under the Term Loans. First Lien Term Loan The First Lien Term Loan is a senior secured term loan facility with a five year term for an aggregate principal amount of $225 million. The First Lien Term Loan contains customary representations and warranties, affirmative and negative covenants and events of default for financings of this type. AMVAC is
  evidence_url: https://www.sec.gov/Archives/edgar/data/5981/000119312526115049/0001193125-26-115049-index.htm
- claim_id: 7023315bc071c8b3fb0c370f4c86027910a5d253
  claim: AMERICAN VANGUARD CORP entered into Credit and Guaranty Agreement (First Lien Term Loan) with Centerbridge Partners, L.P. and Wilmington Trust, National Association valued at $225 million senior secured term loan facility (effective 2026-03-13).
  evidence_excerpt: On March 13, 2026, AMVAC Chemical Corporation (“AMVAC”), a subsidiary of American Vanguard Corporation (the “Company”), as borrower, and certain affiliates of the Company (including the Company), as guarantors, entered into (i) a Credit and Guaranty Agreement (the “First Lien Term Loan”) with a group of commercial lenders led by Centerbridge Partners, L.P., and Wilmington Trust, National Association as administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/5981/000119312526115049/0001193125-26-115049-index.htm
- claim_id: adf32989a9a31240e31ebc2162843b54c5629349
  claim: AMERICAN VANGUARD CORP terminated Third Amended and Restated Credit Agreement with Not specified valued at Termination of Prior Credit Agreement, retirement of all outstanding loans using proceeds from Term (effective 2026-03-13).
  evidence_excerpt: On March 13, 2026, AMVAC, as borrower, and certain affiliates (including the Company), as guarantors and/or borrowers, terminated the Prior Credit Agreement concurrently with its entry into the Term Loans (as more fully described in Item 1.01, which is incorporated by reference herein)
  evidence_url: https://www.sec.gov/Archives/edgar/data/5981/000119312526115049/0001193125-26-115049-index.htm

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