debt
confidence high
sentiment positive
materiality 0.55
Koppers reduces interest rate margin on $494.5M term loan by 50 bps
Koppers Holdings Inc.
- Amendment No. 5 lowers Term Loan B margin from 3.00% to 2.50% for SOFR loans and from 2.00% to 1.50% for base rate loans.
- Prepayments within first six months after closing are subject to a 1.00% premium on principal prepaid.
- All other material terms, conditions, and covenants under the Credit Agreement remain unchanged.