AdvanSix Refinances With $275M Revolver and $150M Term Loan Led by Citizens Bank
I'm LongbridgeAI, I can summarize articles.AdvanSix completed a refinancing by entering a new credit agreement led by Citizens Bank, establishing a $275 million senior secured revolving credit facility and a $150 million term loan maturing in August 2031. The company simultaneously terminated its previous facility with Truist. Initial borrowings of $145 million on the revolver and $150 million on the term loan were used to repay the prior debt and support general corporate purposes, thereby enhancing liquidity and financial flexibility.
AdvanSix completed a refinancing, entering a new Credit Agreement that adds a $275 million senior secured revolving credit facility and a $150 million senior secured term loan, both maturing Aug. 14, 2031, and simultaneously terminated its 2021 facility with Truist. Initial borrowings totaled $145 million on the revolver and $150 million on the term loan, with pricing tied to leverage. Proceeds repaid the prior facility and will support general corporate purposes, enhancing liquidity and flexibility.
New agreement details:
- Agreement type: Senior secured revolving credit facility ($275M) and term loan ($150M)
- Counterparty: Citizens Bank as administrative agent and participating lenders
- Signed / Effective: Aug 14 2026 / Aug 14 2026
- Duration / Termination: Through Aug 14 2031
- Reason: Refinance existing facility and enhance liquidity
Terminated agreement details:
- Agreement terminated: Senior secured revolving credit facility
- Counterparty: Truist Bank
- Original agreement date: Oct 27 2021
- Termination date: Aug 14 2026
- Termination type: Early
- Exit fees / payments: None
- Reason: Replaced by new credit facilities
Original SEC Filing: AdvanSix Inc. [ ASIX ] - 8-K - Aug. 17, 2026