secwatch.observer — SEC 8-K summary
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Issuer:     Koppers Holdings Inc. (KOP)
CIK:        0001315257
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0001193125-22-177086
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koppers Secures New $800M Credit Facility, Replacing Prior $700M Debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315257/000119312522177086/0001193125-22-177086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315257/000119312522177086/d269974d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-177086

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