Amentum replaces credit facilities with new $1.4 billion and $1.591 billion term loans
Amentum entered a First Amendment to its credit agreement, adding a new $1.400 billion term loan A, a $1.591 billion term loan B and a $1.000 billion revolving facility. The company used the term loan proceeds, together with cash on hand, to repay all outstanding borrowings under the existing credit agreement, which shareholders should note as a refinancing rather than a new source of cash for operations.
Key points
- Term loan A of $1.400 billion matures April 24, 2031, with quarterly amortization starting September 30, 2026
- Term loan B of $1.591 billion matures September 27, 2031, with 1.00% annual amortization
- $1.000 billion revolving facility matures April 24, 2031; proceeds may be used for general corporate purposes
- Term loan B has no financial maintenance covenants; term loan A and revolver require a maximum first lien net leverage ratio of 4.50 to 1.00
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.