Advanced Drainage adds $300M to revolver, lifting total revolving commitments to $1.05B

ADVANCED DRAINAGE SYSTEMS, INC.

Fifth Amendment to the July 31, 2019 credit agreement, dated November 6, 2026, increases aggregate revolving commitments by $300.0M to $1.05B via an incremental revolving facility.
Amendment adds provisions permitting supply chain financing and receivables financing arrangements, with conforming changes to the Guarantee and Collateral Agreement.
Guarantors Infiltrator Water Technologies, StormTech and Orenco reaffirm first-priority liens on substantially all assets; no default permitted before or after the increase.
Each existing revolving lender receives a fee equal to 0.17% of revolving commitments held above its pre-amendment amount; Latham & Watkins advised the lenders.
Bank of America agents the term facility and PNC Bank the revolving facility; closing conditions include a CFO solvency certificate and KYC documentation.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.