Quaker Chemical refinances credit facilities with $1.25B in new loans and revolver

QUAKER CHEMICAL CORP

New facilities: $150M euro term loan, $600M USD term loan, $500M revolver; matures June 17, 2027.
Proceeds used to repay existing loans; interest rates based on Term SOFR plus 1.00%-1.75% for USD.
Financial covenants: net leverage ratio max 4.00:1, interest coverage test, dividends up to $75M annually.
Released certain foreign subsidiary guarantors and Ultraseal America from guarantee obligations.

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