Item 1.01. Entry Into a Material Definitive Agreement.

On October 27, 2020, Albany International Corp. (the "Registrant" or the "Company") entered into a $700 million unsecured Four-Year Revolving Credit Facility Agreement (the "New Agreement") among the Company, Albany International Holding (Switzerland) AG, Albany International Europe GmbH and Albany International Canada Corp., as Borrowers, the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and a Lender, which amended and restated the prior amended and restated $685 million Five-Year Revolving Credit Facility Agreement, which we had entered into on November 7, 2017 (the "Prior Agreement"). The Credit Agreement matures on October 27, 2024. JPMorgan Chase Bank, N.A., BofA Securities, Inc., Wells Fargo Securities, LLC, and MUFG Bank, Ltd. acted as Co-Lead Arrangers and Joint Bookrunners for the syndication of the New Agreement. Bank of America, N.A., Wells Fargo Bank, National Association and MUFG Bank, Ltd. acted as Co-Syndication Agents and are each Lenders under the New Agreement. The other Lenders participating in the New Agreement are Capital One, National Association, Citizens Bank, N.A., TD Bank, N.A and Truist Bank (who, collectively, also acted as Co-Documentation Agents) as well as Nordea Bank Abp, New York Branch.

The New Agreement contains customary terms, as well as affirmative covenants, negative covenants and events of default that are substantially comparable to those in the Prior Agreement. The Borrowings are guaranteed by certain of the Registrant's subsidiaries, including all significant U.S. subsidiaries (subject to certain exceptions), as were borrowings under the Prior Agreement.

The applicable interest rate for borrowings under the New Agreement, as well as under the Prior Agreement, is LIBOR plus a spread, based on the Registrant's leverage ratio at the time of borrowing and a pricing grid, which ranged from 1.250% to 1.750%. Spreads under the New Agreement increased the applicable spread under the Prior Agreement by 25 basis points, such that the pricing grid now ranges from 1.50% to 2.00%, in each case, based on the Registrant's leverage ratio.

The Agent and certain of the Lenders or their affiliates have from time to time performed, and may in the future perform, various investment banking, financial advisory and other lending services for the Company and its affiliates, for which they have received and will receive customary fees.

The foregoing description is only a summary of certain of the provisions of the New Agreement and is qualified in its entirety by the underlying credit facility agreement. A copy of the New Agreement is being filed as Exhibit 10(k)(xx) to this report.

Item 2.02. Results of Operations and Financial Condition.

On October 28, 2020 Albany International issued a news release reporting third quarter 2020 financial results. The Company will host a webcast to discuss earnings at 9:00 a.m. Eastern Time on Thursday October 29, 2020. The news release is furnished as Exhibit 99.1 to this report.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being furnished herewith:

10(k)(xx) $700 million Four-Year Revolving Credit Facility Agreement among Albany

International Corp., the other Borrowers named therein, the Lenders
           Party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent,
           dated as of October 27, 2020.

99.1 News release dated October 28, 2020 reporting third-quarter 2020 financial

results.

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