secwatch.observer — SEC 8-K summary
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Issuer:     Koppers Holdings Inc. (KOP)
CIK:        0001315257
Form:       8-K
Filed at:   2025-06-18T23:59:59+00:00
Accession:  0000950170-25-087681
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315257/000095017025087681/0000950170-25-087681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315257/000095017025087681/kop-20250617.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-087681

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer