debt
confidence high
sentiment positive
materiality 0.55
Adtalem Global Education reprices term loans, reducing interest margin by 0.75%
Covista Inc.
- Amended Credit Agreement reduces interest rate margins by 0.75% and removes leverage-based pricing grid.
- New interest rate: Term SOFR plus 2.75% or alternate base rate plus 1.75%, at company's option.
- Amendment affects all outstanding term loans under the August 12, 2021 Credit Agreement.
- Transaction closed August 21, 2024; administrative agent is Morgan Stanley Senior Funding, Inc.