On December 10, 2025, Armstrong World Industries, Inc. (?AWI?) entered into a first amendment to second amended and restated credit agreement (the ?First Amendment?), by and among AWI, as the borrower, certain subsidiaries of AWI identified therein as guarantors, Bank of America, N.A., as the administrative agent, the collateral agent, a letter of credit issuer and the swing line lender, Citizens Bank, N.A., Manufacturers & Traders Trust Company, PNC Bank, National Association, TD Bank, N.A., and Truist Bank, as co-syndication agents, JPMorgan Chase Bank, N.A., and First National Bank of Pennsylvania, as co-documentation agents, BofA Securities, Inc., Citizens Bank, N.A., Manufacturers & Traders Trust Company, PNC Capital Markets, LLC, TD Bank, N.A., and Truist Securities, Inc., as joint lead arrangers and joint bookrunners and the other lenders and letter of credit issuers party thereto. The First Amendment amends that certain second amended and restated credit agreement, dated as of December 7, 2022, as amended, among AWI, as the borrower, certain subsidiaries of AWI, as the guarantors thereunder, Bank of America, N.A., as the administrative agent, and the other lenders and institutions from time to time party thereto (the ?2022 Credit Agreement?; and the 2022 Credit Agreement as amended by the First Amendment, the ?Amended Credit Agreement?). The Amended Credit Agreement provides AWI with a $500 million revolving credit facility (the ?Revolving Credit Facility?), with sublimits for letters of credit and swing line loans, and a $410,625,000 term loan (the ?Term Loan?).
The Revolving Credit Facility and the Term Loan are referred to as the ?Amended Credit Facilities.? The Revolving Credit Facility and the Term Loan are scheduled to mature on December 10, 2030.
Armstrong World Industries, Inc. designs, innovates, and manufactures ceiling and wall system solutions. The Company manufactures and sources products made of numerous materials, including mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. It also manufactures ceiling suspension system (grid) products. Its Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems. Its products offer various performance attributes, such as acoustical control, rated fire protection, and energy efficiency. Its Architectural Specialties segment produces, designs and sources ceilings, walls and facades for use in commercial settings. Its products are available in metal, felt and wood, in addition to various colors, shapes and designs. It sells standard, premium and customized products. It is also engaged in designing and manufacturing sustainably crafted architectural resins and glass for ceilings, walls and other interior applications.
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