Advanced Drainage Systems Inc. on Feb. 27, 2026 entered into a Fourth Amendment to its existing credit agreement with Bank of America, N.A. and PNC Bank, National Association as administrative agents and a syndicate of lenders. The amendment increases the revolving credit facility to $750 million from $600 million, including a letter-of-credit sublimit raised to $75 million from $50 million, refinances the term facility with a new $600 million term loan maturing Feb. 28, 2033, and extends the revolver maturity to Feb. 27, 2031. The amendment also revises pricing margins, allows incremental facilities up to the greater of $350 million or 100% of consolidated EBITDA, and names PNC as successor administrative agent.
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. ADS - Advanced Drainage Systems 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: 0001193125-26-082558), on February 27, 2026, and is solely responsible for the information contained therein.
