Covista reprices USD 510 million term loan, cuts margin to SOFR+2%

Covista repriced its term loans under an amended credit agreement dated Sept. 18, 2026 with Morgan Stanley Senior Funding as administrative agent.

• The amendment cut pricing on USD 510 million of outstanding term loans to Term SOFR + 2% from Term SOFR + 2.25%.
• Base rate loan margin was lowered to 1% from 1.25%.
• Repriced loans carry a 1% soft-call premium on certain repricings or prepayments within six months.
• Other credit agreement terms remained largely unchanged.