# MYERS INDUSTRIES INC (MYE) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_22c13c8bbd6070a2cd43 · retrieved 2026-08-11T15:49:41.033Z

## Overview
Myers Industries, Inc. manufactures and distributes plastic products and containers; the company operates through its subsidiaries including Canadian operations.

On July 28, 2026, Myers Industries, Inc. and its Canadian subsidiaries (MYE Canada Operations Inc. and Scepter Canada Inc.) amended their Seventh Amended and Restated Loan Agreement with JPMorgan Chase Bank and other lenders. The amendment extended the maturity date of the $250 million Revolving Facility from September 29, 2027 to July 28, 2031 (the fifth anniversary of the amendment). The amendment also established a new $250 million Term Loan Facility to refinance the existing term loans outstanding under the prior agreement. The amended agreement modified the maximum leverage ratio to 3.50 to 1.00 on a net basis (with a 4.00 to 1.00 holiday for Material Acquisitions), decreased applicable margins to range between 1.100% to 1.950% for Term SOFR and other benchmark-based loans, and removed the existing LIBOR adjustment from rate calculations.

## Terms
- Counterparty: JPMorgan Chase Bank, National Association and other lenders · Deal value: $250.0M

## Key dates
- Announced 2026-07-30

## Timeline
- 2026-07-30 · 8-K (0001193125-26-324868): 8-K - MYERS INDUSTRIES INC — *Myers Industries, Inc. manufactures and distributes plastic products and containers; the company operates through its subsidiaries including Canadian operations.* On July 28, 2026, Myers Industries, Inc. and its Canadian subsidiaries (MYE Canada Operations Inc. and Scepter Canada Inc.) amended their Seventh Amended and Restated Loan Agreement with JPMorgan Chase Bank and other lenders. The amendment extended the maturity date of the $250 million Revolving Facility from September 29, 2027 to July 28, 2031 (the fifth anniversary of the amendment). The amendment also established a new $250 million Term Loan Facility to refinance the existing term loans outstanding under the prior agreement. The amended agreement modified the maximum leverage ratio to 3.50 to 1.00 on a net basis (with a 4.00 to 1.00 holiday for Material Acquisitions), decreased applicable margins to range between 1.100% to 1.950% for Term SOFR and other benchmark-based loans, and removed the existing LIBOR adjustment from rate calculations.
  https://www.sec.gov/Archives/edgar/data/69488/0001193125-26-324868.txt

## Citations
- 0001193125-26-324868 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526324868