debt
confidence high
sentiment positive
materiality 0.55
Chemours reprices €415M Term Loan B-3; margin cut 75 bps to EURIBOR+3.25%
Chemours Co
- Second Amendment reduces applicable margin on Tranche B-3 Euro Term Loan from EURIBOR+4.00% to EURIBOR+3.25%.
- Facility principal unchanged at €415M; maturity remains August 2028.
- Repricing lowers annual interest cost by roughly €3.1M based on current EURIBOR.
- No other changes to terms or covenants; amendment effective December 13, 2024.