Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Covista Inc. incurred revolving credit of $100.0 million increase resulting in aggregate outstanding commitments of $500.0 million under the revolving facility with Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, and the lenders and issuing banks party thereto at SOFR plus an applicable margin ranging from 2.25% to 3.00% or alternate base rat maturing August 6, 2030.
- Instrument
- revolving credit
- Principal
- $100.0 million increase resulting in aggregate outstanding commitments of $500.0 million under the revolving facility
- Counterparty
- Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, and the lenders and issuing banks party thereto
- Rate
- SOFR plus an applicable margin ranging from 2.25% to 3.00% or alternate base rat
- Maturity
- August 6, 2030
- Event
- incurrence
Exact text from the filing
On August 6, 2025, Adtalem Global Education Inc. (“Adtalem”) entered into Amendment No. 4 to Credit Agreement and Incremental Assumption Agreement (the “Amendment”), by and among Adtalem, the other guarantors party thereto, the lenders and issuing banks party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, which amended our Credit Agreement, dated as of August 12, 2021 (as amended, amended and restated, supplemented or otherwise modified from time to time), in order to, among other things, (i) increase available commitments under our revolving facility by $100.0 million (resulting in aggregate outstanding commitments of $500.0 million under the revolving facility after giving effect to the Amendment), (ii) extend the maturity and commitment termination date of our revolving facility to August 6, 2030 (subject to an earlier springing maturity if we do not refinance, redeem or repay certain other material indebtedness on the date that is 91
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