American Vanguard Corporation Announces Extension to Existing Credit Agreement
American Vanguard (NYSE:AVD) has successfully amended its senior credit facility with BMO-led commercial lenders, extending the maturity date to December 31, 2026. The extension represents a significant vote of confidence from the lending group that has supported the company for over 35 years.
CEO Douglas Kaye III highlighted that the extension comes at a crucial time for the company, following promising second quarter results, and will allow management to better demonstrate American Vanguard's earnings potential to investors as the company continues its transformation and improvement initiatives.
American Vanguard (NYSE:AVD) ha ottenuto una modifica del proprio finanziamento senior con i creditori commerciali guidati da BMO, posticipando la scadenza al 31 dicembre 2026. Questa estensione rappresenta un forte segnale di fiducia da parte del gruppo di finanziatori che sostiene l’azienda da oltre 35 anni.
Il CEO Douglas Kaye III ha sottolineato che l’allungamento del termine arriva in un momento cruciale, dopo i positivi risultati del secondo trimestre, e darà alla direzione più tempo per mostrare agli investitori il potenziale di redditività di American Vanguard mentre proseguono le iniziative di trasformazione e miglioramento.
American Vanguard (NYSE:AVD) ha modificado con éxito su línea de crédito senior con los prestamistas comerciales liderados por BMO, ampliando la fecha de vencimiento hasta el 31 de diciembre de 2026. Esta prórroga supone un claro voto de confianza por parte del grupo financiero que apoya a la compañía desde hace más de 35 años.
El consejero delegado Douglas Kaye III destacó que la extensión llega en un momento clave, tras los alentadores resultados del segundo trimestre, y permitirá a la dirección demostrar mejor a los inversores el potencial de resultados de American Vanguard mientras continúa con sus iniciativas de transformación y mejora.
American Vanguard (NYSE:AVD)는 BMO가 주도하는 상업 대출기관들과의 시니어 신용공여 계약을 성공적으로 수정하여 만기일을 2026년 12월 31일로 연장했습니다. 이번 연장은 35년 넘게 회사를 지원해 온 채권단의 강한 신뢰를 의미합니다.
CEO 더글라스 케이 3세는 이번 만기 연장이 2분기 긍정적 실적 이후 회사에 중요한 시점에 이뤄졌으며, 경영진이 American Vanguard의 수익 잠재력을 투자자들에게 더 잘 보여줄 수 있는 시간을 제공할 것이라고 강조했습니다. 회사는 계속해서 전환 및 개선 작업을 진행하고 있습니다.
American Vanguard (NYSE:AVD) a réussi à amender sa facilité de crédit senior avec les prêteurs commerciaux dirigés par BMO, repoussant la date d’échéance au 31 décembre 2026. Cette prolongation constitue un important signe de confiance du groupe de créanciers qui soutient l’entreprise depuis plus de 35 ans.
Le PDG Douglas Kaye III a souligné que cette extension intervient à un moment clé, suite à des résultats prometteurs au deuxième trimestre, et permettra à la direction de mieux démontrer aux investisseurs le potentiel de bénéfices d’American Vanguard alors que la société poursuit ses initiatives de transformation et d’amélioration.
American Vanguard (NYSE:AVD) hat seine Senior-Kreditfazilität mit den von BMO geführten kommerziellen Kreditgebern erfolgreich angepasst und die Laufzeit bis zum 31. Dezember 2026 verlängert. Die Verlängerung ist ein deutliches Vertrauenssignal des Kreditgebers, der das Unternehmen seit über 35 Jahren unterstützt.
CEO Douglas Kaye III wies darauf hin, dass die Verlängerung zu einem entscheidenden Zeitpunkt erfolgt, nach vielversprechenden Ergebnissen im zweiten Quartal, und dem Management mehr Zeit gebe, den Investoren das Ertragspotenzial von American Vanguard aufzuzeigen, während das Unternehmen seine Transformations- und Verbesserungsmaßnahmen fortsetzt.
- Credit facility maturity extended to December 31, 2026
- 35+ year relationship with lending group demonstrates long-term banking stability
- Recent Q2 results showed promising performance
- None.
Extension will provide the management team with an opportunity to provide a clearer picture of the Company's earnings power to the investment community
NEWPORT BEACH, CA / ACCESS Newswire / August 19, 2025 / American Vanguard Corporation (NYSE:AVD) announced that it has amended its senior credit facility with a group of commercial lenders led by BMO. The amendment extends the maturity of the credit agreement to December 31, 2026.
Douglas Kaye III, Chief Executive Officer of American Vanguard, stated, "We would like to thank our lending group for extending the maturity of our credit agreement at this important juncture for the company. For over 35 years, our lending group, led by BMO, has shown support for our business. We appreciate their vote of confidence in the ongoing transformation and improvement at American Vanguard. Our recently reported second quarter financial results provide a snapshot of what is possible, and this extension will afford our management team the opportunity to provide a clearer picture of our earnings power to the investment community."
About American Vanguard
American Vanguard Corporation is a diversified specialty and agriculture products company that develops and markets products for crop protection and management, turf and ornamentals management, and public and animal health. Over the past 20 years, through product and business acquisitions, the Company has significantly expanded its operations and now has more than 1,000 product registrations worldwide. To learn more about the Company, please reference www.american-vanguard.com.
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release the matters set forth in this press release include forward-looking statements. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "believe," "expect," "anticipate," "intend," "estimate," "project," "outlook," "forecast," "target," "trend," "plan," "goal," or other words of comparable meaning or future-tense or conditional verbs such as "may," "will," "should," "would," or "could." These forward-looking statements are based on the current expectations and estimates by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include risks detailed from time-to-time in the Company's SEC reports and filings. All forward-looking statements, if any, in this release represent the Company's judgment as of the date of this release. The company disclaims any intent or obligation to update these forward-looking statements.
Company Contact | Investor Representative |
American Vanguard Corporation | Alpha IR Group |
Anthony Young, Director of Investor Relations | Robert Winters |
(949) 221-6119 | (929) 266-6315 |
SOURCE: American Vanguard
View the original press release on ACCESS Newswire
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