Covista Reprices $510 Million Term Loans, Cutting Margins by 25 bps
Covista entered into Amendment No. 6 to its Credit Agreement to reprice $510 million of outstanding term loans. The interest margin on the loans decreases to Term SOFR + 2.00% (from +2.25%), or to an alternate base rate + 1.00% (from +1.25%). The repriced loans carry a 1.00% soft call premium on ce…