FMC CORP 8-K

What Happened FMC Corporation filed an 8-K on April 20, 2026 disclosing that on April 16, 2026 it entered into Amendment No. 6 to its Fifth Amended and Restated Credit Agreement (originally dated June 17, 2022) with Citibank, N.A. as administrative agent and the lenders party thereto. The Amendment adjusts financial covenants for certain quarters, establishes a maximum secured leverage ratio and designates certain subsidiaries as guarantors that grant security interests and pledge equity to secure the Company’s obligations.

Key Details

• Amendment date: April 16, 2026; original Credit Agreement dated June 17, 2022.
• Sets a maximum secured leverage ratio of not more than 3.50 to 1.00 as of the last day of each fiscal quarter.
• Modifies the maximum leverage ratio and minimum interest coverage ratio for specified quarters (as detailed in the Amendment).
• Designates certain subsidiaries as "Subsidiary Guarantors"; those subsidiaries become guarantors and grant security interests and pledges of equity in subsidiaries as collateral.
• Also revises negative covenants (liens, fundamental changes, indebtedness) and adds covenants on transfers of material assets. Some lenders have other banking and derivative relationships with FMC.

Why It Matters This Amendment affects FMC’s borrowing terms and credit protections. The secured leverage cap and new subsidiary guarantees mean certain assets and subsidiary equity are now pledged to support the credit facility, which can affect the company’s capital structure and creditor priority. Changes to covenant tests (leverage and interest coverage) may influence management’s operating flexibility and require monitoring of quarterly financial metrics to ensure compliance. Investors should watch future filings for any further covenant specifics, waiver notices, or disclosures about impacts on liquidity or financing costs.