Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Koppers Holdings Inc. incurred term loan of $400,000,000 with PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent at adjusted Term SOFR Rate or adjusted Daily Simple SOFR, in each case plus 4.00% w maturing April 10, 2030.
- Instrument
- term loan
- Principal
- $400,000,000
- Counterparty
- PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent
- Rate
- adjusted Term SOFR Rate or adjusted Daily Simple SOFR, in each case plus 4.00% w
- Maturity
- April 10, 2030
- Event
- incurrence
Exact text from the filing
On April 10, 2023 (the “Closing Date”), Koppers Inc. (“Koppers” or the “Company”), a wholly-owned subsidiary of Koppers Holdings Inc. (“Holdings”), entered into Amendment No. 1 (“Amendment No. 1”) to the Credit Agreement, dated June 17, 2022, with Holdings, certain lenders and letter of credit issuers, PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent (the “Credit Agreement”). Pursuant to Amendment No. 1, the Credit Agreement was amended to, among other things, add a new class of senior secured term loans under the Credit Agreement in an aggregate principal amount of $400,000,000 (the “Term Loan B”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
Koppers Holdings Inc. amended Amendment No. 1 with PNC Bank, National Association; Wells Fargo Bank, National Association valued at $400,000,000 (effective 2023-04-10).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association; Wells Fargo Bank, National Association
- Value
- $400,000,000
- Effective
- 2023-04-10
Exact text from the filing
(“Holdings”), entered into Amendment No. 1 (“Amendment No. 1”) to the Credit Agreement, dated June 17, 2022, with Holdings, certain lenders and letter of credit issuers, PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent (the “Credit Agreement”).
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