---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-024219"
form_type: "8-K"
ticker: "SCL"
cik: "0000094049"
company_name: "STEPAN CO"
filed_at: "2022-06-27T23:59:59+00:00"
generated_at: "2026-06-24T23:09:48.876748+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Stepan enters $450M credit facility with $350M revolver and $100M delayed draw term loan

## Summary
- $450M credit facilities: $350M multicurrency revolving and $100M delayed draw term loan, maturing June 24, 2027.
- Expansion option allows up to $250M additional credit subject to conditions.
- Replaces prior $350M revolving credit agreement from January 2018.
- Proceeds for working capital, permitted acquisitions, capex, and general corporate purposes.
- Interest rates based on net leverage ratio with spreads ranging from 0.125% to 1.75%.

## SEC filing metadata
- accession: 0001564590-22-024219
- form_type: 8-K
- ticker: SCL
- cik: 0000094049
- company_name: STEPAN CO
- filed_at: 2022-06-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/94049/000156459022024219/0001564590-22-024219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/94049/000156459022024219/scl-8k_20220627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-024219
- JSON: https://secwatch.observer/filing/0001564590-22-024219.json
- Plain text: https://secwatch.observer/filing/0001564590-22-024219.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.