---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-025084"
form_type: "8-K"
ticker: "KWR"
cik: "0000081362"
company_name: "QUAKER CHEMICAL CORP"
filed_at: "2026-04-14T23:59:59+00:00"
generated_at: "2026-05-15T06:29:33.107966+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Quaker Chemical Amends Credit Agreement, Secures $1.6B in New Facilities

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-025084
- form_type: 8-K
- ticker: KWR
- cik: 0000081362
- company_name: QUAKER CHEMICAL CORP
- filed_at: 2026-04-14T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/81362/000162828026025084/0001628280-26-025084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/81362/000162828026025084/kwr-20260410.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-025084
- JSON: https://secwatch.observer/filing/0001628280-26-025084.json
- Plain text: https://secwatch.observer/filing/0001628280-26-025084.txt

## Source-grounded claims
- claim_id: 2413e3fed9e08b09d7f3e4589a5cd9aafbb1e0d1
  claim: 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.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/81362/000162828026025084/0001628280-26-025084-index.htm
- claim_id: ed6e64e2f677ed8503ed2f02bfb581be0437bc13
  claim: 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.
  evidence_excerpt: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/81362/000162828026025084/0001628280-26-025084-index.htm
- claim_id: f64d96df82c3e10df6b616e3fae2ebf11deaa6ec
  claim: 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.
  evidence_excerpt: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/81362/000162828026025084/0001628280-26-025084-index.htm
- claim_id: f3e7657dc25718b82d4a8f87c3a7135ad0b522db
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/81362/000162828026025084/0001628280-26-025084-index.htm

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