debt
confidence high
sentiment positive
materiality 0.60
Koppers Secures New $800M Credit Facility, Replacing Prior $700M Debt
Koppers Holdings Inc.
- New $800M revolving credit facility with $50M swingline; matures June 2027.
- Replaces prior $600M revolver and $100M term loan; adds lower pricing tiers.
- Allows future ESG-linked KPIs or external ratings adjustments with co-sustainability agents.
- Facility secured by substantially all assets; customary covenants and springing maturity.
- Provides financial flexibility to support growth strategy and sustainability initiatives.