On March 26, 2026 (the ? Closing Date?), Ingevity Corporation, Ingevity Holdings SRL, Ingevity UK Ltd, the other loan parties party thereto, the lenders party thereto, the issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the ? Administrative Agent?), collateral agent and swingline lender, entered into that certain Second Amendment and Restatement Agreement (the ?
Amendment?), which amends and restates the Amended and Restated Credit Agreement, dated as of June 23, 2022 (the ? Existing Credit Agreement,? and as amended and restated by the Amendment, the ?
Second Amended and Restated Credit Agreement?), by and among the Company, Holdings, the UK Borrower, the lenders from time to time party thereto and the Administrative Agent. The Amendment amends and restates the Existing Credit Agreement to, among other things, extend the maturity date of the Company?s revolving credit facility to the date that is five years after the Closing Date, decrease the aggregate amount of the commitments thereunder from $1 billion to $750 million and effect certain other amendments. Borrowings under the revolving credit facility bear interest at a rate per annum equal to, at the Company?s option, either the applicable term benchmark rate, subject to a 0.00% floor, or a base rate, in each case, plus an applicable margin of 1.00% to 1.75% for term benchmark loans and 0.00% to 0.75% for base rate loans.
The Second Amended and Restated Credit Agreement contains certain customary affirmative and negative covenants, representations and warranties and events of default (subject in certain cases to customary grace and cure periods). On the Closing Date, the Company repaid all of its outstanding revolving loans in an aggregate principal amount of $512.1 million.
Ingevity Corporation develops, manufactures and brings to market solutions that help customers solve complex problems and make the world more sustainable. The Company operates in three reporting segments: Performance Materials, Advanced Polymer Technologies, and Performance Chemicals. The Performance Materials segment manufactures products in the form of powder, granular, extruded pellets, extruded honeycombs, and activated carbon sheets. Advanced Polymer Technologies segment produces caprolactone and caprolactone-based specialty polymers for use in coatings, resins, elastomers, adhesives, bioplastics, and medical devices. Performance chemicals include pavement technologies and road markings. The Company’s products are used in a variety of demanding applications, including automotive gasoline vapor emissions control systems, food, water and chemical filtration, asphalt paving, agrochemical dispersants, bioplastics, coatings, elastomers, and paint for road markings.
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
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