secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0001104659-22-073074
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000110465922073074/0001104659-22-073074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000110465922073074/tm2218990d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-073074

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