{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-095544","form_type":"8-K","ticker":"KOP","cik":"0001315257","company_name":"Koppers Holdings Inc.","filed_at":"2024-04-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.801176+00:00","generated_at":"2026-06-03T22:50:11.239395+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Koppers reprices and upsizes Term Loan B by $100M, reduces interest margin 50 bps","bullets":["TLB increased by $100M to $497M; proceeds for general corporate purposes and to reduce revolver borrowings.","Interest rate margin reduced 50 bps to 3.00% (SOFR) with 0.50% floor; 10 bps credit spread adjustment removed.","Company intends to repay recent borrowings related to acquisition of Brown Wood Preserving.","Chief Financial Officer Jimmi Sue Smith cites enhanced liquidity and financial flexibility."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-095544","json":"https://secwatch.observer/filing/0001193125-24-095544.json","markdown":"https://secwatch.observer/filing/0001193125-24-095544.md","text":"https://secwatch.observer/filing/0001193125-24-095544.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1315257/000119312524095544/0001193125-24-095544-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1315257/000119312524095544/d818182d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T22:50:11.239395+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a355cacb94a46b7c8de8fd2f8d1d0e8bdd76915a","claim":"Koppers Holdings Inc. incurred term loan of $100,000,000 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 loans at 3.00 percent with.","evidence_excerpt":"provides for the incurrence of incremental term loans in an aggregate principal amount of $100,000,000 to be used for general corporate purposes, thereby increasing the aggregate principal amount of the term loan facility to $497,005,000 (the “Term Loan B Facility”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1315257/000119312524095544/0001193125-24-095544-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$100,000,000"},{"label":"Counterparty","value":"PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent"},{"label":"Rate","value":"adjusted Term SOFR Rate or adjusted Daily Simple SOFR loans at 3.00 percent with"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d91b51466df35e53aaf99c7b37dade4ff034e200","claim":"Koppers Holdings Inc. amended credit facility at reduces the interest rate margins applicable to the Term Loan B Facility by 50 b.","evidence_excerpt":"effectively reduces the interest rate margins applicable to the Term Loan B Facility by 50 basis points from 3.50 percent with a floor of 50 basis points (0.50 percent) to 3.00 percent with a floor of 50 basis points (0.50 percent), in the case of adjusted Term SOFR Rate or adjusted Daily Simple SOFR loans, and from 2.50 percent with a floor of 1.50 percent to 2.00 percent with a floor of 1.50 percent, in the case of alternate base rate loans; and (iii) removes the credit spread adjustment of 10 basis points (0.10 percent) for the Term Loan B Facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1315257/000119312524095544/0001193125-24-095544-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Rate","value":"reduces the interest rate margins applicable to the Term Loan B Facility by 50 b"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"701d6b245f070c6064f18d28d30bd2c3c61005a2","claim":"Koppers Holdings Inc. amended Amendment No. 3 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 valued at $100,000,000 (effective 2024-04-12).","evidence_excerpt":"On April 12, 2024 (the “Closing Date”), Koppers Inc. (“Koppers” or the “Company”), a wholly-owned subsidiary of Koppers Holdings Inc. (“Holdings”), entered into Amendment No. 3 (“Amendment No. 3”) 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 and that certain Amendment No. 2, dated October 11, 2023, the “Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1315257/000119312524095544/0001193125-24-095544-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent"},{"label":"Value","value":"$100,000,000"},{"label":"Effective","value":"2024-04-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}