QUAKER CHEMICAL CORP (KWR): debt financing — Quaker Chemical Amends Credit Agreement, Secures $1.6B in New Facilities

QUAKER CHEMICAL CORP

Entered into Amendment No. 4 to credit agreement on April 10, 2026, with $550M U.S. term loan, $250M euro term loan, and $800M revolving credit facility.
Proceeds used to repay all outstanding loans under existing credit agreement and to fund strategic growth and capital allocation priorities.
Maturity extended to April 10, 2031; nearest debt maturity now 2031, improving credit terms and liquidity.
Financial covenants include Consolidated Net Leverage Ratio not greater than 4.25x and Consolidated Interest Coverage Ratio test.
Dividend flexibility: regularly scheduled payments up to $30M per fiscal year, with additional capacity under leverage ratio thresholds.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

QUAKER CHEMICAL CORP incurred credit facility of $550,000,000 with Bank of America, N.A. at Term SOFR plus Applicable Rate ranging from 1.000% to 1.750% for Term SOFR Loans maturing April 10, 2031.

Instrument: credit facility
Principal: $550,000,000
Counterparty: Bank of America, N.A.
Rate: Term SOFR plus Applicable Rate ranging from 1.000% to 1.750% for Term SOFR Loans
Maturity: April 10, 2031
Event: incurrence

Exact text from the filing

to $250,000,000 (the “ New Euro Term Facility ”), (B) a new senior secured U.S. dollar-denominated term loan facility for the Company in an aggregate principal amount of $550,000,000 (the " New U.S. Term Facility ") and (C) a new senior secured revolving credit facility for the Company and certain designated subsidiaries in an aggregate principal amount of

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

QUAKER CHEMICAL CORP incurred credit facility of $250,000,000 equivalent in Euros with Bank of America, N.A. at Alternative Currency Term Rate plus Applicable Rate ranging from 1.000% to 1.750 maturing April 10, 2031.

Instrument: credit facility
Principal: $250,000,000 equivalent in Euros
Counterparty: Bank of America, N.A.
Rate: Alternative Currency Term Rate plus Applicable Rate ranging from 1.000% to 1.750
Maturity: April 10, 2031
Event: incurrence

Exact text from the filing

(A) a new senior secured euro-denominated term loan facility for Quaker Houghton B.V. in an aggregate principal amount equal to the amount in Euros that is equivalent to $250,000,000 (the “ New Euro Term Facility ”), (B) a new senior secured U.S. dollar-denominated term loan facility for the Company in an aggregate principal amount of $550,000,000 (the " New

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

QUAKER CHEMICAL CORP incurred revolving credit of $800,000,000 with Bank of America, N.A. at Term SOFR plus Applicable Rate ranging from 1.000% to 1.750% for Term SOFR Loans maturing April 10, 2031.

Instrument: revolving credit
Principal: $800,000,000
Counterparty: Bank of America, N.A.
Rate: Term SOFR plus Applicable Rate ranging from 1.000% to 1.750% for Term SOFR Loans
Maturity: April 10, 2031
Event: incurrence

Exact text from the filing

(the " New U.S. Term Facility ") and (C) a new senior secured revolving credit facility for the Company and certain designated subsidiaries in an aggregate principal amount of $800,000,000 (the “ New Revolving Credit Facility ”), (ii) use the proceeds of the New Term Facilities and borrowings under the New Revolving Credit Facility to repay in full all outstanding

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

QUAKER CHEMICAL CORP amended Amendment No. 4 with Bank of America, N.A., as administrative agent, Bank of America Europe Designated Active Company, as Euro Swing Line Lender, certain guarantors and other lenders valued at $250,000,000 (effective 2026-04-10).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent, Bank of America Europe Designated Active Company, as Euro Swing Line Lender, certain guarantors and other lenders
Value: $250,000,000
Effective: 2026-04-10

Exact text from the filing

On April 10, 2026, Quaker Chemical Corporation (the “ Company ”), and its wholly-owned subsidiary, Quaker Houghton B.V., as borrowers, Bank of America, N.A., as administrative agent, U.S. dollar swing line lender and letter of credit issuer (the “ Administrative Agent ”), Bank of America Europe Designated Active Company, as Euro Swing Line Lender, certain guarantors and other lenders (the “ Lenders ”) entered into Amendment No. 4 (the “ Amended Credit Agreement ”) to its existing credit agreement

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Source: SEC EDGAR

accession 0001628280-26-025084

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