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ASIX pushes majority of revolver maturity to Oct 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

AdvanSix Inc. amended its senior secured revolving credit facility, extending the maturity of revolving credit commitments held by participating lenders in an aggregate principal amount of $452 million to the earlier of October 27, 2027 or termination of the commitments under the agreement. The total facility size remains $500 million.

The remaining $48 million of revolving credit commitments that were not extended will continue to mature on the earlier of October 27, 2026 or termination of the commitments. The amendment also includes conforming changes consistent with the extension terms.

Positive

  • None.

Negative

  • None.

Insights

AdvanSix extends most of its revolver to 2027; neutral impact.

AdvanSix updated its revolving credit facility, extending $452 million of the $500 million commitments to the earlier of October 27, 2027 or termination. This preserves access to committed liquidity beyond 2026 while leaving $48 million on the earlier 2026 maturity.

The filing does not describe pricing changes or new covenants, and labels additional updates as conforming. Cash‑flow effects depend on future borrowings under the facility; none are indicated here. The administrative agent remains Truist Bank per the agreement structure.

Key dates are the extended maturity to October 27, 2027 and the remaining tranche maturing on October 27, 2026. Subsequent disclosures may detail any operational use of the revolver.



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



Form 8-K



CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 23, 2025

ADVANSIX INC.
(Exact name of Registrant as specified in its Charter)

Delaware
1-37774
81-2525089
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

300 Kimball Drive, Suite 101
Parsippany, New Jersey 07054
(Address of principal executive offices)

Registrant’s telephone number, including area code: (973) 526-1800

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.01 per share
 
ASIX
 
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



ITEM 1.01          Entry into a Material Definitive Agreement.

Amendment No. 2 to Credit Agreement

On October 23, 2025, AdvanSix Inc. (the “Company”) entered into Amendment No. 2 (the “Amendment”) to the Credit Agreement, dated as of October 27, 2021 (as amended by Amendment No. 1, dated June 27, 2023, the “Existing Credit Agreement” and as further amended by the Amendment, the “Amended Credit Agreement”), among the Company, the guarantors, the lenders party thereto and Truist Bank, as administrative agent. Any capitalized terms not defined herein shall have the definitions ascribed to them in the Amended Credit Agreement.

The Existing Credit Agreement includes a senior secured revolving credit facility with aggregate commitments of $500 million (the “Revolving Credit Commitments”).  Pursuant to the Amendment, the Existing Credit Agreement was amended to, among other things: (i) extend the maturity date of revolving credit commitments of participating Revolving Credit Lenders in an aggregate principal amount of $452 million to the earlier of (x) October 27, 2027 and (y) the date of the termination in whole of the Revolving Credit Commitments, pursuant to the terms of the Amended Credit Agreement, and (ii) effect certain other conforming changes and modifications consistent with the foregoing.  The remaining $48 million of revolving credit commitments under the Existing Credit Agreement that were not extended will continue to mature on the earlier of (x) October 27, 2026 and (y) the date of the termination in whole of the Revolving Credit Commitments, pursuant to the terms of the Amended Credit Agreement.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and the Amended Credit Agreement, which is included as Annex I to the Amendment, each of which is incorporated by reference herein.

ITEM 2.03          Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

ITEM 9.01          Financial Statements and Exhibits.

(d) Exhibits

Exhibit
Number
 
Description
     
10.1
 
Amendment No. 2 to Credit Agreement, dated as of October 23, 2025, among AdvanSix Inc., the guarantors, the lenders signatory thereto and Truist Bank, as the administrative agent
     
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  October 23, 2025

  AdvanSix Inc.  
       

By:
/s/ Achilles B. Kintiroglou  
    Name: Achilles B. Kintiroglou  
    Title: Senior Vice President, General Counsel and Corporate Secretary  
       


FAQ

What did AdvanSix (ASIX) change in its credit facility?

AdvanSix extended the maturity of revolving credit commitments of participating lenders totaling $452 million to the earlier of October 27, 2027 or termination.

What is the total size of AdvanSix’s revolving credit facility?

The senior secured revolving credit facility has aggregate commitments of $500 million.

What happens to the remaining $48 million of commitments for ASIX?

The remaining $48 million of commitments continue to mature on the earlier of October 27, 2026 or termination.

Who is the administrative agent for AdvanSix’s facility?

Truist Bank serves as the administrative agent.

Does the amendment include other changes?

Yes. It makes conforming changes and modifications consistent with the maturity extension terms.

Does this amendment provide new cash to AdvanSix?

No new borrowing is described; it extends maturities of existing revolving credit commitments.
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