Armstrong World Industries amends $500 million revolver and term loan
On December 10, 2025, Armstrong World Industries entered a first amendment to its 2022 credit agreement, which provides a $500 million revolving credit facility and a $410,625,000 term loan, both scheduled to mature on December 10, 2030. The filing states that existing debt under the 2022 agreement was rolled over into the amended facilities, and that the amendment carries the same core structure of guarantees, collateral, and covenants.
Key points
- Revolving credit facility of $500 million and term loan of $410,625,000, both maturing December 10, 2030
- Existing debt under the 2022 Credit Agreement rolled over into the amended facilities on December 10, 2025
- Initial margin of 1.25% over Term SOFR, subject to adjustment based on the consolidated net leverage ratio
- Term loan repayable in quarterly installments beginning March 31, 2026; accordion feature allows incremental capacity of at least $550 million
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing 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 December 16, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.