Viskase Holdings, Inc. 8-K

What Happened
Viskase Holdings’ subsidiary, Viskase Companies, LLC, announced a Seventh Amendment to its Credit Agreement dated April 16, 2026 with Bank of America, N.A. as administrative agent. The amendment (the “Seventh Amendment”) extends the loan maturity date from August 13, 2026 to August 13, 2027 and increases the applicable interest rates on certain loans and letters of credit.

Key Details

• Maturity extended: August 13, 2026 → August 13, 2027 (effective April 16, 2026).
• Interest rate increases in the definition of Applicable Rate:
  • Revolving Loans (Base Rate & Term SOFR Loans): 3.0% → 4.0%
  • Portion of Term Loans (Base Rate & Term SOFR Loans): 2.0% → 3.0%
  • Letters of credit: 3.0% → 4.0%
• Amends Consolidated EBITDA definition to address treatment of certain restructuring and transaction-related costs and expenses.
• Permitted Transfers updated to allow disposition of equipment, real property and improvements of the Osceola Facility and the Chicago Property; certain thresholds for covenants, events of default and borrowing base reporting were also adjusted.
• The amended facility continues to be guaranteed by material wholly owned subsidiaries (excluding Brazilian subsidiaries) and is secured by substantially all assets other than real property.

Why It Matters
The amendment buys Viskase an additional year of term financing, providing short‑term liquidity runway through August 2027. However, higher applicable rates will increase borrowing costs and could raise interest expense. Changes to EBITDA definitions, covenant thresholds and permitted asset dispositions affect the company’s financial reporting and flexibility under the credit facility—important items for investors monitoring leverage, covenant compliance and potential asset sales.