Adient plc filed a Form 8-K on August 21, 2026, disclosing that on August 20, 2026, its subsidiary Adient US LLC entered into an amendment to its Term Loan Credit Agreement, adding $500 million in incremental term loans to fund the redemption of an equal amount of 7.000% Senior Secured Notes due 2028.

Key Highlights

  • Incremental term loans: Adient US LLC borrowed an additional $500 million in aggregate principal amount of incremental term loans under Amendment No. 6 to the Term Loan Credit Agreement dated May 6, 2019.
  • Total debt outstanding: Total loans outstanding under the Credit Agreement as of the Amendment Effective Date are $1.12 billion, according to the filing.
  • Use of proceeds: Proceeds from the incremental term loans, together with cash on hand, will be used to redeem all $500 million outstanding principal amount of Adient Global Holdings' 7.000% Senior Secured Notes due 2028 and to pay related fees and expenses.
  • Same terms: The incremental term loans carry the same maturity and terms as the existing term loans under the Credit Agreement.
  • Guarantee structure: Obligations under the Credit Agreement continue to be guaranteed on a secured basis by Adient plc and certain of its material wholly-owned restricted subsidiaries.
  • Administrative agent: Bank of America, N.A. serves as administrative agent and collateral agent under the Credit Agreement.

Adient's Amendment No. 6 to Term Loan Agreement: Key Terms and Structure

According to the filing, Adient US LLC, acting as Lead Borrower, along with Adient Global Holdings S.à.r.l. as co-borrower and Adient plc as parent, executed Amendment No. 6 to the Term Loan Credit Agreement on August 20, 2026. The original credit agreement dates to May 6, 2019, and Bank of America, N.A. remains the administrative and collateral agent. The amendment was signed by Heather M. Tiltmann, Executive Vice President, Chief Legal and Human Resources Officer, and Corporate Secretary of Adient plc.

The filing discloses that the $500 million in incremental term loans will be used, together with cash on hand, to redeem all of the $500 million outstanding principal amount of Adient Global Holdings' 7.000% Senior Secured Notes due 2028, as well as to pay fees and expenses connected with the transactions. Following the amendment, total loans outstanding under the Credit Agreement as of August 20, 2026 are reported at $1.12 billion. The incremental term loans share the same maturity and terms as the pre-existing term loans, and the secured guarantee structure from Adient plc and certain material wholly-owned restricted subsidiaries remains in place.

The filing covers two items: entry into a material definitive agreement (Item 1.01) and creation of a direct financial obligation (Item 2.03), with the Item 2.03 disclosure incorporated by reference from Item 1.01. The full text of Amendment No. 6 is attached as Exhibit 10.1. The filing notes that the description of the amendment "does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment." Adient plc's ordinary shares trade on the New York Stock Exchange under the symbol NYSE:ADNT.

What Was Disclosed

Adient plc disclosed the execution of Amendment No. 6 to its Term Loan Credit Agreement, adding $500 million in incremental term loans to bring total outstanding borrowings to $1.12 billion, with proceeds earmarked to retire its 7.000% Senior Secured Notes due 2028.