secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001628280-26-025084
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000162828026025084/0001628280-26-025084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000162828026025084/kwr-20260410.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-025084

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