debt
confidence high
sentiment negative
materiality 0.65
FMC Corp. amends credit agreement, adds secured leverage covenant and obtains waiver for Q1 2026
FMC CORP
- Amendment No. 6 to Fifth Amended and Restated Credit Agreement dated April 16, 2026.
- New maximum secured leverage ratio of 3.50x, modifications to leverage and interest coverage ratios.
- Waiver of maximum leverage ratio covenant for fiscal quarter ended March 31, 2026.
- Designation of subsidiary guarantors and grant of security interests in assets and equity.
- Lenders receive consent fee of 0.05% of aggregate commitments for approval.