Advanced Drainage Systems Amends Credit Agreement

Advanced Drainage Systems, Inc. filed an SEC 8-K exhibit describing a Fourth Amendment to its July 31, 2019 credit agreement, dated February 27, 2026. The amendment contemplates refinancing in full the company’s existing term loans and existing revolving commitments.

The filing references 2026 Refinancing Term Commitments equal to the aggregate principal amount of Initial Term Loans outstanding and 2026 Refinancing Revolving Commitments equal to the aggregate principal amount of Revolving Commitments outstanding on the amendment effective date. It also includes other modifications set out in Exhibit A. The document lists Bank of America as administrative agent for the Term Facility and PNC as Revolving Administrative Agent, with Barclays involved as administrative agent for secured parties.