secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2026-10-01T20:36:54+00:00
Accession:  0001628280-26-064284
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Quaker Houghton closes $550M 7-year Term Loan B at SOFR+175bps, repaying U.S. Term Loans
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000162828026064284/0001628280-26-064284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000162828026064284/kwr-20261001.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-064284

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