secwatch / observer
8-K filed June 1, 2023, 7:59 PM ET ticker IOSP CIK 0001054905
debt confidence high sentiment neutral materiality 0.40

INNOSPEC INC. (IOSP): debt financing — Innospec closes new $250M multicurrency revolving credit facility, replacing 2019 bank facility

INNOSPEC INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

INNOSPEC INC. incurred revolving credit of $250,000,000 with various lenders at 1.25% added to the interest rate maturing May 30, 2027.

Instrument
revolving credit
Principal
$250,000,000
Counterparty
various lenders
Rate
1.25% added to the interest rate
Maturity
May 30, 2027
Event
incurrence
Exact text from the filing
lenders (the “Agreement”) which replaces the Company’s credit facility agreement dated September 26, 2019 (the “Pre-Existing Credit Agreement”). The Agreement provides for a $250,000,000 four-year multicurrency revolving loan facility available to the Borrowers (the “Facility”). The Agreement also contains an accordion feature whereby the Company may elect to
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INNOSPEC INC. entered into Multicurrency Revolving Facility Agreement with various lenders valued at $250,000,000 (effective 2023-05-31).

Action
entry
Agreement
credit facility
Counterparty
various lenders
Value
$250,000,000
Effective
2023-05-31
Exact text from the filing
On May 31, 2023, Innospec Inc. (the “Company”) and certain subsidiaries of the Company (together with the Company, the “Borrowers”) entered into a Multicurrency Revolving Facility Agreement with various lenders (the “Agreement”) which replaces the Company’s credit facility agreement dated September 26, 2019 (the “Pre-Existing Credit Agreement”). The Agreement provides for a $250,000,000 four-year multicurrency revolving loan facility available to the Borrowers (the “Facility”).
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102 debt financings filed in the last 30 days. Browse all debt financings →

INNOSPEC INC. filing history →

Source: SEC EDGAR
accession 0001193125-23-159041
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