debt
confidence medium
sentiment positive
materiality 0.50
Axalta expects to amend credit agreement to lower term loan interest rate spread
Axalta Coating Systems Ltd.
- Subsidiaries expect to amend credit agreement to reduce interest rate spread on existing term loans.
- Amendment is subject to market and other conditions; no guarantee of execution.
- Borrowers are wholly-owned Axalta subsidiaries: Dutch Holding B.V. and U.S. Holdings, Inc.
- Credit agreement originated February 1, 2013 with Barclays Bank PLC as agent.