Koppers prices $400M Term Loan B to refinance $500M 6% notes due 2025

Koppers Holdings Inc.

7-year senior secured TLB at adjusted Term SOFR + 4.00% with 50 bps floor.
Proceeds from TLB plus revolver borrowings to redeem $500M 6.00% Senior Notes due 2025.
Transaction expected to close in mid-April 2023; extends debt maturity profile.
CFO cites enhanced balance sheet flexibility and reduced risk as key benefits.

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