{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-064284","form_type":"8-K","ticker":"KWR","cik":"0000081362","company_name":"QUAKER CHEMICAL CORP","filed_at":"2026-10-01T20:36:54+00:00","discovered_at":"2026-10-01T20:38:00.220070+00:00","generated_at":"2026-10-12T14:25:26.607309+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Quaker Houghton closes $550M 7-year Term Loan B at SOFR+175bps, repaying U.S. Term Loans","bullets":["New senior secured U.S. dollar Term Loan B facility of $550 million matures October 1, 2033; priced at Term SOFR + 1.750% or Base Rate + 0.750%.","Proceeds repay in full existing U.S. Term Loans, whose aggregate principal balance was $0 as of the amendment's effective date; Quaker Houghton calls it a leverage-neutral transaction.","Quarterly amortization of 0.25% of initial principal with balance due at maturity; 1.00% prepayment premium applies to repricing events within six months of October 1, 2026.","Mandatory excess-cash-flow prepayments step down with leverage: 50% above 3.75x, 25% at or below 3.75x but above 3.25x, 0% at or below 3.25x, with a $30M annual threshold.","CEO Joseph Berquist said the deal extends the debt maturity profile and cuts required annual debt payments; JPMorgan Chase Bank, N.A. is administrative agent for the facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-064284","json":"https://secwatch.observer/filing/0001628280-26-064284.json","markdown":"https://secwatch.observer/filing/0001628280-26-064284.md","text":"https://secwatch.observer/filing/0001628280-26-064284.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/81362/000162828026064284/0001628280-26-064284-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81362/000162828026064284/kwr-20261001.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:25:26.607309+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}