Covista Inc. entered into Amendment No. 5 to its credit agreement on March 2, 2026, with Morgan Stanley Senior Funding, Inc. as administrative agent, to incur $510 million of new term loans maturing March 2, 2033. The loans bear interest at Term SOFR plus 2.25% (with a 0.75% SOFR floor) or an alternate base rate plus 1.25%, and the amendment reduced term-loan interest rate margins by 0.50%. Proceeds were used to refinance existing term loans, redeem about $404.95 million of 5.50% senior secured notes due 2028, and pay related fees and expenses.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Covista Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000730464-26-000010), on March 03, 2026, and is solely responsible for the information contained therein.
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