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0 0 0.00031123560535319 0.000466853408029896 0.00497976968565193 0.00217864923747278 -0.00186741363211959 -0.00684718331777163
Stock impact report

Koppers Successfully Reprices 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 Check Earnings Report
Company Research Source: Yahoo! Finance
PITTSBURGH Dec. 17, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company successfully completed the repricing of its seven-year $495 million senior secured Term Loan B (TLB) due April 10, 2030 Koppers Logo This transaction reduces the interest rate margins applicable to the TLB by 50 basis points, from 3.00% with a floor of 50 bps to 2.50% with a floor of 50 bps at adjusted Term SOFR Rate or adjusted Daily Simple SOFR. Chief Financial Officer Jimmi Sue Smith said, "We are pleased with the strong market demand for our Term Loan B. This transaction aligns with our ongoing efforts to optimize our capital structure, allowing us to reduce interest expense through repricing, without altering our leverage, covenants, or maturity date." Wells Fargo Bank, National Association is acting as administrative agent for the TLB. Wells Fargo Securities, L Show less Read more
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