AdvanSix Inc. (NYSE: ASIX) completed a refinancing of its senior secured credit facility on August 14, 2026, replacing its existing credit agreement with a new arrangement administered by Citizens Bank, N.A.

The new credit agreement provides for a $275 million revolving credit facility and a $150 million term loan facility, both maturing on August 14, 2031. The previous facility was administered by Truist Bank under an agreement originally dated October 27, 2021.

As of the closing date, the company had borrowed $145 million under the revolving credit facility and the full $150 million under the term loan, with approximately $17 million in cash on hand. Proceeds were used primarily to refinance obligations under the prior credit agreement and to pay related fees and expenses.

The term loan will amortize quarterly at an annual rate of 2.50% in the first year, 5.00% in years two through four, and 7.50% in the fifth year, with the remaining balance due at maturity.

Interest on borrowings is based on either a base rate plus a margin of 0.50% to 1.50%, or a Term SOFR rate plus a margin of 1.50% to 2.50%, depending on the company's consolidated leverage ratio. The current applicable margins are 1.00% for base rate loans and 2.00% for Term SOFR loans. Unused revolving credit commitments carry a fee of 0.20% to 0.40% per annum, currently set at 0.30%.

Substantially all tangible and intangible assets of AdvanSix and its material domestic subsidiaries serve as collateral under the agreement. The credit agreement includes financial covenants requiring the company to maintain a minimum consolidated interest coverage ratio of 3.00 to 1.00 and a maximum consolidated leverage ratio of 3.75 to 1.00 per fiscal quarter.