---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-097892"
form_type: "8-K"
ticker: "KOP"
cik: "0001315257"
company_name: "Koppers Holdings Inc."
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:30:54.687586+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Koppers closes $400M Term Loan B, redeems $500M 6.00% notes due 2025

## Summary
- Closed $400M senior secured Term Loan B due 2030 at SOFR+4% (floor 0.50%).
- Used proceeds plus cash and revolver to redeem all $500M 6.00% Senior Unsecured Notes due 2025.
- Refinancing extends debt maturity and reduces near-term refinancing risk.
- Company intends to enter hedging instruments to manage floating-rate exposure.
- Wells Fargo acts as administrative agent; joint lead arrangers include Wells Fargo, PNC, BofA, Fifth Third, Citizens, Truist.

## SEC filing metadata
- accession: 0001193125-23-097892
- form_type: 8-K
- ticker: KOP
- cik: 0001315257
- company_name: Koppers Holdings Inc.
- filed_at: 2023-04-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315257/000119312523097892/0001193125-23-097892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315257/000119312523097892/d490377d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-097892
- JSON: https://secwatch.observer/filing/0001193125-23-097892.json
- Plain text: https://secwatch.observer/filing/0001193125-23-097892.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1315257/000119312523097892/0001193125-23-097892-index.htm
- Material Agreements
  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
  source text: (“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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1315257/000119312523097892/0001193125-23-097892-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.