Balchem amended its credit facility, boosting the revolving commitments to $650 million and extending the maturity to July 24, 2031. The amendment also enables foreign subsidiary borrowing, removes a 10 bps SOFR adjustment, and reduces margins by 12.5 bps at higher leverage tiers. In a related step, Balchem and its domestic guarantors reaffirmed the security and pledge agreement to keep obligations and liens in place supporting the facility. The company expects the moves to strengthen liquidity, lower borrowing costs, and add flexibility for global operations.
Agreement 1: Balchem Ups Revolving Credit Facility to $650 Million and Extends Maturity to 2031 With JPMorgan
- Agreement type: Amendment No. 1 to amended and restated revolving credit facility
- Counterparty: JPMorgan Chase, JPMorgan SE and a syndicate of lenders
- Signed / Effective: Jul 24 2026 / Jul 24 2026
- Duration / Termination: Through Jul 24 2031
- Reason: Enhance liquidity, extend maturities, and reduce borrowing costs
Agreement 2: Balchem Reaffirms Security and Pledge Agreement Supporting Amended Credit Facility
- Agreement type: Omnibus reaffirmation and amendment of security and pledge agreement
- Counterparty: JPMorgan Chase
- Signed / Effective: Jul 24 2026 / Jul 24 2026
- Duration / Termination: Through Jul 24 2031
- Reason: Maintain collateral support for amended facility
Original SEC Filing:
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