secwatch.observer — SEC 8-K summary
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Issuer:     INNOSPEC INC. (IOSP)
CIK:        0001054905
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001193125-23-159041
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innospec closes new $250M multicurrency revolving credit facility, replacing 2019 bank facility
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- Four-year unsecured facility matures May 30, 2027, with option to extend one year at Company's discretion.
- Accordion feature permits increasing total commitments by up to $125M; lenders include Barclays, U.S. Bank, Wells Fargo, and new JP Morgan.
- Initial interest margin increased to 1.25% over Term SOFR (USD) and SONIA (GBP), replacing LIBOR-based pricing.
- Proceeds for general corporate purposes, working capital, and future acquisitions; backed by Company and subsidiary guarantees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1054905/000119312523159041/0001193125-23-159041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1054905/000119312523159041/d246011d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-159041

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