Koppers extends $800M revolver maturity to 2030, eases leverage covenant

Koppers Holdings Inc.

Maturity extended to June 17, 2030 (or 91 days before term loan maturity).
Net leverage covenant fixed at 4.75x through life; step-down to 4.50x removed.
10 bps credit spread adjustment on SOFR loans eliminated; margin grid adjusted.
All other material terms and covenants of the Revolving Facility unchanged.
CFO cites strengthened capital position, lower borrowing costs, and bank confidence.

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