secwatch.observer — SEC 8-K summary
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Issuer:     Koppers Holdings Inc. (KOP)
CIK:        0001315257
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001193125-23-097892
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315257/000119312523097892/0001193125-23-097892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315257/000119312523097892/d490377d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-097892

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