
Loan & DebtApr 20, 2026, 04:07 PM
FMC Amends Credit Agreement, Modifies Leverage Ratios & Adds Security
AI Summary
FMC Corporation and its subsidiaries entered into Amendment No. 6 to their Credit Agreement on April 16, 2026. The amendment modifies the maximum leverage ratio and minimum interest coverage ratio for certain quarters, and establishes a new maximum secured leverage ratio of 3.50 to 1.00. Additionally, certain subsidiaries were designated as guarantors, providing security interests in assets and pledging equity interests as collateral for the obligations. The changes also include modifications to negative covenants on liens, fundamental changes, indebtedness, and transfers of material assets.
Key Highlights
- Amended Credit Agreement on April 16, 2026.
- Modified maximum leverage ratio and minimum interest coverage ratio.
- Established maximum secured leverage ratio of 3.50 to 1.00.
- Designated subsidiaries as guarantors, providing asset security.
- Added negative covenants on material asset transfers.
Price Impact
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