AVANOS MEDICAL, INC.

$875m committed across 1 active facility. AVNS

Orthopedic, Prosthetic & Surgical Appliances & Supplies

Recent changes

  1. Jul 30, 2026AVANOS MEDICAL, INC. signs $875m CREDIT AGREEMENT, matures Jul 2033SEC ↗
Tested springingHeadroom not yet measured8.00x

Springing: Applies only if, on the last day of a Test Period, outstanding Revolving Credit Loans and Letters of Credit (with stated exclusions) exceed 40% of aggregate Revolving Credit Commitments.

If on the last day of any Test Period (commencing with the Test Period ending on March 31, 2027) there are outstanding Revolving Credit Loans and Letters of Credit ... in an aggregate principal amount exceeding 40.0% of the aggregate principal amount of all Revolving Credit Commitments ... permit the Consolidated First Lien Net Leverage Ratio ... to be greater than 8.00:1.00.
Read the filing on sec.gov ↗

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CREDIT AGREEMENT

Signed Jul 27, 2026

Committed
$875m
Matures
Jul 2033
Agent
Golub Capital Markets LLC (Term Loan Administrative Agent and Collateral Agent); Ally Bank (Revolving Administrative Agent)
TrancheSizeMaturesMargin
Initial Term Loan Facility$675mJul 2033475–525 bps
DDTL Facility$100mn/a475–525 bps
Initial Priority Revolving Credit Facility$100mn/a350 bps

Priced over Term SOFR, floor 75 bps (Term Loan B, Delayed draw term loan).

LevelConditionMarginUnused fee
Level Level 1> 5.25 to 1.00525 bpsn/a
Level Level 2≤ 5.25 to 1.00 and > 4.25 to 1.00500 bpsn/a
Level Level 3≤ 4.25 to 1.00475 bpsn/a

Priced over Other (Delayed draw term loan).

Priced over Term SOFR, floor 75 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level allall times350 bpsn/a
Level Commitment Fee – Level 1> 4.00:1.00n/a50 bps
Level Commitment Fee – Level 2≤ 4.00:1.00n/a38 bps

Lenders: Golub Capital Markets LLC, ALLY BANK, GUGGENHEIM CORPORATE FUNDING, LLC, GOLDMAN SACHS PRIVATE CREDIT CORP., JEFFERIES CREDIT PARTNERS LLC

No amendments on file yet.

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