AdvanSix Secures $425 Million Credit Facility Refinancing with Citizens Bank
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Recent News Are Renewable Energy Stocks Accelerating Past Fossil Fuel Peers? What Banking Sector Dynamics Are Emerging from Recent Rate Changes? How Are Telecom Companies Navigating Digital Transformation? Which Consumer Brands Are Gaining Market Share This Quarter? Make Kalkine Media My Trusted Source On August 17, 2026, AdvanSix Inc. announced via Form 8-K that it finalized a refinancing of its senior secured credit facilities on August 14, 2026. The company entered into a new Credit Agreement with Citizens Bank, N.A. as administrative agent, establishing a $275 million revolving credit facility alongside a $150 million term loan facility. Per the filing, AdvanSix Inc. (NYSE:ASIX) ASIX (NYSE:ASIX) completed its refinancing on August 14, 2026, replacing the prior credit facility originally established on October 27, 2021, which had been amended twice. Citizens Bank, N.A. assumed the role of administrative agent, succeeding Truist Bank. The company pledged substantially all tangible and intangible assets of AdvanSix and its significant domestic subsidiaries as collateral under the new agreement. The revolving credit facility includes provisions for up to $40 million in letters of credit and $40 million in swing line loans. Commitment fees on unused revolving amounts range from 0.20% to 0.40% per year based on the Consolidated Leverage Ratio, with the rate at closing set at...
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