How does the amended credit agreement affect interest rates for ENZN-related debt?

The amendment increases the Applicable Rate by 1.0 percentage point across several facilities. Revolving and term loans that are Base Rate or Term SOFR Loans rise, and letter of credit fees also increase, raising overall borrowing costs under the amended credit facility.

Viskase Holdings (ENZN) extends credit maturity and hikes loan rates

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Viskase Holdings, Inc. announced that its wholly owned subsidiary Viskase Companies, LLC entered into a Seventh Amendment to its Credit Agreement, extending the debt maturity date from August 13, 2026 to August 13, 2027.

The amendment increases the Applicable Rate by 1.0 percentage point on revolving loans, term loans and letters of credit, adjusts the definition of Consolidated EBITDA for certain restructuring and transaction costs, and permits asset dispositions at the Osceola Facility and Chicago Property. The amended facility continues to include customary covenants, is guaranteed by material restricted subsidiaries (other than Brazilian subsidiaries), and is secured by substantially all assets other than real property.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Maturity Date: August 13, 2027 Revolving Loan Margin Increase: 3.0% to 4.0% Term Loan Margin Increase: 2.0% to 3.0% +1 more

4 metrics

Maturity Date August 13, 2027 Extended from August 13, 2026 under Amended Credit Agreement

Revolving Loan Margin Increase 3.0% to 4.0% Applicable Rate for Base Rate and Term SOFR Revolving Loans

Term Loan Margin Increase 2.0% to 3.0% Applicable Rate for that portion of Term Loans

Letter of Credit Fee Increase 3.0% to 4.0% Applicable Rate on letters of credit under the facility

Key Terms

Amended Credit Agreement, Applicable Rate, Consolidated EBITDA, Permitted Transfers, +2 more

6 terms

Amended Credit Agreement financial

"such agreement, the “Existing Credit Agreement” and, as amended by the Seventh Amendment, the “Amended Credit Agreement”"

An amended credit agreement is a revised loan contract between a borrower and its lenders that changes the original rules—such as interest rate, repayment schedule, maturity date or financial covenants. Think of it as renegotiating the terms of a mortgage or car loan; the changes affect how much cash a company must pay, how flexible it is with spending, and how risky its debt looks to investors. Investors watch these amendments because they can signal improved breathing room or growing stress on a company’s finances.

Applicable Rate financial

"amends the definition of Applicable Rate to increase the interest rate"

Consolidated EBITDA financial

"amends the definition of Consolidated EBITDA to address the treatment"

Consolidated EBITDA is a measure of a parent company’s total operating earnings across all its subsidiaries, calculated before interest, taxes, depreciation and amortization (non‑cash charges). It shows the group’s raw cash‑generation and operating performance independent of financing and accounting choices, so investors use it like comparing the horsepower of an entire fleet rather than individual cars to judge core profitability and to compare firms on a more even footing.

Permitted Transfers financial

"amends the definition of Permitted Transfers to allow the disposition"

negative covenants financial

"amends certain thresholds for obligations under the Existing Credit Agreement (including for negative covenants"

restricted subsidiary financial

"direct and indirect wholly owned material domestic restricted subsidiary and foreign restricted subsidiary"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Understanding 8-K Material Events →

04/21/2026 - 04:38 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 16, 2026

VISKASE HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of
incorporation)

000-12957

(Commission File Number)

22-2372868

(IRS Employer Identification No.)

333 East Butterfield Road, Suite 400, Lombard, Illinois

(Address of principal executive offices)

60148

(Zip Code)

(630) 874-0700

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
None		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01.

Entry into a Material Definitive Agreement.

On April 16, 2026, Viskase Companies, LLC (“Viskase Companies”), a wholly owned subsidiary of Viskase Holdings, Inc., entered into the Seventh Amendment (the “Seventh Amendment”) to its Credit Agreement, dated as of October 9, 2020, by and between Viskase Companies, certain subsidiaries of Viskase Companies, certain lenders party thereto, and Bank of America, N.A., as administrative agent (such agreement, the “Existing Credit Agreement” and, as amended by the Seventh Amendment, the “Amended Credit Agreement”). Capitalized terms that are used but not defined herein shall have the meanings ascribed to such terms in the Amended Credit Agreement.

The Seventh Amendment, among other things: (i) extends the Maturity Date from August 13, 2026 until August 13, 2027; (ii) amends the definition of Applicable Rate to increase the interest rate for (A) Revolving Loans that are Base Rate Loans and Term SOFR Loans from 3.0% to 4.0%, (B) that portion of Term Loans that are Base Rate Loans and Term SOFR Loans from 2.0% to 3.0%, and (C) the letters of credit from 3.0% to 4.0%; (iii) amends the definition of Consolidated EBITDA to address the treatment of certain restructuring and transaction related costs and expenses; (iv) amends the definition of Permitted Transfers to allow the disposition of the equipment, real property and improvements of the Osceola Facility and the real property and improvements of the Chicago Property; and (v) amends certain thresholds for obligations under the Existing Credit Agreement (including for negative covenants, events of default, and borrowing base reporting requirements).

The Amended Credit Agreement contains customary affirmative and negative covenants, including, among other things, limitation on incurring indebtedness, creating liens on its and its subsidiaries assets, making investments, entering into merger, consolidation or acquisition transactions, disposing of assets (other than in the ordinary course of business), making certain restricted payments, entering into sale and leaseback transactions and transactions with affiliates, in each case subject to permitted exceptions.

The Amended Credit Agreement is guaranteed by each existing and future direct and indirect wholly owned material domestic restricted subsidiary and foreign restricted subsidiary of the Viskase Companies (other than any Brazilian subsidiary). The Amended Credit Agreement is secured by substantially all of the assets of Viskase Companies and its material domestic restricted subsidiaries, with the exception of real property.

The foregoing summary of the Seventh Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Seventh Amendment, a copy of which has been filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit	Description

10.1*^	Seventh Amendment to Credit Agreement, dated as of April 16, 2026.

104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Filed herewith.

^ Certain of the exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(b)(2). The Registrant agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon its request.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	VISKASE HOLDINGS, INC.
	(Registrant)
Date: April 21, 2026
	By:	/s/ Joseph D. King
	Name:	Joseph D. King
	Title:	Executive Vice President, General Counsel & Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What did Viskase Holdings, Inc. change in its credit agreement?

Viskase Companies, LLC entered a Seventh Amendment to its Credit Agreement, extending the maturity date to August 13, 2027 and revising key terms. These changes include higher interest margins, updated EBITDA definition, and modified thresholds and asset disposition permissions.

When does Viskase’s amended credit facility now mature?

The Seventh Amendment extends the maturity date under the credit facility from August 13, 2026 to August 13, 2027. This provides the borrower an additional year before the outstanding obligations under the Amended Credit Agreement become due.

What asset sales are permitted under Viskase’s amended agreement?

The amendment changes the definition of Permitted Transfers to allow disposition of equipment, real property and improvements at the Osceola Facility, and the real property and improvements of the Chicago Property. These dispositions can occur within the limits and conditions of the Amended Credit Agreement.

Which subsidiaries guarantee Viskase’s Amended Credit Agreement?

What collateral secures the Amended Credit Agreement for ENZN investors to note?

The Amended Credit Agreement is secured by substantially all assets of Viskase Companies and its material domestic restricted subsidiaries, excluding real property. This broad collateral package supports the lenders while leaving real estate outside the security interests described.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

EX-10.1 EXHIBIT 10.1 1.3 MB