PAHC · Phibro Animal Health Corporation

Phibro Animal Health Corporation entered into Amendment No. 1 to its existing Credit Agreement, increasing the revolving credit commitment by $125 million to a total of $435 million. The amendment was executed with Coöperatieve Rabobank U.A., New York Branch, as administrative agent, collateral agent, and L/C issuer. The additional borrowing capacity enhances the company's liquidity position, providing greater financial flexibility for working capital, capital expenditures, or other corporate needs. No other material terms were disclosed, and the amendment does not appear to alter the existing covenants or interest rate structure. This moderate increase in debt capacity is a positive signal for operational support but does not represent a transformative event.