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. amended term loan of $399,000,000 with PNC Bank, National Association at 3.50% with a floor of 50 basis points (0.50%), in the case of adjusted Term SOFR maturing April 10, 2030.
- Instrument
- term loan
- Principal
- $399,000,000
- Counterparty
- PNC Bank, National Association
- Rate
- 3.50% with a floor of 50 basis points (0.50%), in the case of adjusted Term SOFR
- Maturity
- April 10, 2030
- Event
- amendment
Exact text from the filing
Amendment No. 2 reduces the interest rate margins applicable to the $399,000,000 senior secured term loan facility under the Credit Agreement (the “Term Loan B”) by 50 basis points from 4.00% with a floor of 50 basis points (0.50%) to 3.50% with a floor of 50 basis points (0.50%), in the case of adjusted Term SOFR Rate or adjusted Daily Simple SOFR loans, and from 3.00% with a floor of 1.50% to 2.50% with a floor of 1.50%, in the case of alternate base rate loans.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Koppers Holdings Inc. amended Amendment No. 2 to the Credit Agreement with Koppers Inc., Koppers Holdings Inc., 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 (effective 2023-10-11).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Koppers Inc., Koppers Holdings Inc., 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
- Effective
- 2023-10-11
Exact text from the filing
On October 11, 2023 (the “Closing Date”), Koppers Inc. (“Koppers” or the “Company”), a wholly-owned subsidiary of Koppers Holdings Inc. (“Holdings”), entered into Amendment No. 2 (“Amendment No. 2”) 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 (as amended by that certain Amendment No. 1, dated April 10, 2023, the “Credit Agreement”).
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