Monitor Q2 2026 financials for whether the company returns to compliance with leverage covenants, as the current waiver is temporary and limited to Q1 2026.
Price Chart
Executive Summary
FMC Corp amended its credit agreement to waive a leverage ratio covenant for Q1 2026 and added new subsidiaries as guarantors with security interests in their assets. This strengthens the lender position but indicates the company is under financial stress, requiring covenant relief.
Key Financial Metrics
Key Facts
- Waived compliance with the maximum leverage ratio covenant for Q1 2026
- Added new subsidiaries as guarantors and granted security interests in their assets
- Created a new secured leverage ratio covenant of 3.50 to 1.00
- Waiver applies only to the Q1 2026 fiscal quarter
Financial Impact
Covenant waiver for Q1 2026 with new secured leverage ratio of 3.50 to 1.00
Risk Factors
- Continued financial stress requiring covenant waivers
- Potential future downgrades if leverage ratios remain elevated
- Increased lender protections through security interests
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-163937 |
| Document: d81650d8k.htm | 0001193125-26-163937 |
| Document: 0001193125-26-163937-index-headers.html | 0001193125-26-163937 |
| Document: 0001193125-26-163937-index.html | 0001193125-26-163937 |
| Document: 0001193125-26-163937.txt | 0001193125-26-163937 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 23, 2026 10w ago | Press Release | $11.30 $11.02 | ▼ −2.48% | ▼ −6.10% | $8.41 (−25.53%) |
Jul 1, 2026 13w ago | 8-K | $10.95 $10.01 | ▼ −8.58% | ▼ −6.40% | $8.41 (−23.15%) |
Jun 23, 2026 14w ago | 8-K | $11.32 $11.78 | ▲ +4.06% | ▲ +2.13% | $8.41 (−25.66%) |
Jun 12, 2026 16w ago | Institutional Cluster | $11.85 $10.91 | ▼ −7.93% | ▼ −9.71% | $8.41 (−28.99%) |
Jun 5, 2026 16w ago | 8-K | $11.10 $11.38 | ▲ +2.52% | ▲ +0.89% | $8.41 (−24.19%) |
May 21, 2026 19w ago | 8-K | $13.11 $11.13 | ▼ −15.12% | ▼ −13.71% | $8.41 (−35.81%) |
May 19, 2026 19w ago | 8-K | $12.76 $11.98 | ▼ −6.11% | ▼ −7.10% | $8.41 (−34.05%) |
Apr 29, 2026 22w ago | 8-K | $15.38 $13.57 | ▼ −11.77% | ▼ −16.74% | $8.41 (−45.29%) |
Apr 29, 2026 22w ago | 8-K | $15.38 $13.57 | ▼ −11.77% | ▼ −16.74% | $8.41 (−45.29%) |
Apr 27, 2026 22w ago | DEFA14A | $15.56 $12.98 | ▼ −16.58% | ▼ −21.54% | $8.41 (−45.92%) |
US Market Status
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