Koppers Announces Repricing of $495 Million Term Loan B [Yahoo! Finance]
Koppers Holdings Inc. Koppers Holdings Inc. (KOP)
Last koppers holdings inc. koppers holdings inc. earnings: 2/27 08:00 am
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Source: Yahoo! Finance
KOP, an integrated global manufacturer of treated wood products, wood treatment chemicals and carbon compounds, said that it has completed the repricing of its seven-year $495 million senior secured Term Loan B ("TLB") due April 10, 2030. This transaction lowers the TLB's interest rate margins by 50 basis points, from 3% with a 50 basis point floor to 2.5% with a 50 basis point floor at the adjusted Term SOFR Rate or adjusted Daily Simple SOFR. This deal is consistent with Koppers' continued efforts to optimize its capital structure, allowing it to lower interest expenses through repricing while maintaining its leverage, covenants, and maturity date. Wells Fargo Bank, National Association acts as the TLB's administrative agent. Wells Fargo Securities, LLC, PNC Capital Markets LLC, BofA Securities, Inc., Fifth Third Bank, National Association, Citizens Bank, N.A., and Truist Securities, Inc. are serving as joint lead arrangers and bookrunners for TLB. Koppers' shares have lost
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KOP
News
- Koppers Again Named Among America's Most Responsible Companies by Newsweek [Yahoo! Finance]Yahoo! Finance
- Koppers Again Named Among America's Most Responsible Companies by NewsweekPR Newswire
- Koppers Successfully Reprices Term Loan B [Yahoo! Finance]Yahoo! Finance
- Koppers Successfully Reprices Term Loan BPR Newswire
- Investors in Koppers Holdings (NYSE:KOP) have unfortunately lost 26% over the last year [Yahoo! Finance]Yahoo! Finance
KOP
Earnings
- 11/8/24 - Beat
KOP
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- KOP's page on the SEC website