Itafos Enhances Financial Flexibility with Amended Credit Facilities

HOUSTON, Sept. 29, 2026 /CourierPR/ -- Itafos Inc., a phosphate and specialty fertilizer company with operations in the United States, Brazil, and Guinea-Bissau, has enhanced its financial flexibility and liquidity by amending and extending its existing credit facilities. The company has entered into an agreement with a syndicate of lenders, led by RBC Capital Markets as Lead Left Arranger and Administrative Agent, with Texas Capital and PNC Capital Markets LLC as Joint Lead Arrangers.

Under the amendment, Itafos will refinance its existing $100 million term loan (with $82.5 million outstanding) and its $30 million letter of credit facility. The new agreement provides a term loan commitment of $140 million and a dedicated letter of credit facility of $30 million. The term loan margin has been reduced by 75 basis points, and the annual principal amortization has been adjusted to 5% in the first year and 10% in the second and third years.

The amendment also extends the maturity date of the term loan to September 29, 2029. The amended term loan will have an outstanding balance of $140 million, while the letter of credit facility will have an outstanding balance of $12.5 million. The existing $30 million letter of credit facility remains in place.

Additionally, Itafos has entered into an amendment to its revolving asset-based credit facility, extending the maturity date to September 29, 2029. This extension will provide the company with enhanced financial flexibility and liquidity as it navigates current market conditions and executes its strategic initiatives.

Itafos operates a vertically integrated phosphate fertilizer business in Idaho, US, with production capacity of approximately 550kt per year of MAP, MAP with micronutrients (MAP+), superphosphoric acid (SPA), and merchant grade phosphoric acid (MGA). The company also has a vertically integrated phosphate fertilizer business in Tocantins, Brazil, with production targets of approximately 275kt per year of SSP, PAPR, and DAPR, and approximately 170kt per year of SSP, 60kt per year of PAPR, and 45kt per year of DAPR. The company also has a high-grade phosphate mine project in Farim, Guinea-Bissau, and a vertically integrated high-grade phosphate mine and fertilizer plant project in Santana, Brazil.

The refinancing is expected to be used to refinance the company’s indebtedness under the existing term loan agreement, repay all outstanding ABL borrowings, and for general corporate purposes.