---
schema_version: "secwatch.filing_event.v1"
accession: "0001723089-23-000151"
form_type: "8-K"
ticker: null
cik: "0001723089"
company_name: "ChampionX Corp"
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:33:43.451266+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ChampionX reprices $620M term loans under amended credit agreement

## Summary
- Approximately $620M of existing Term B-1 Loans converted to new Term B-2 Loans at adjusted SOFR + 2.75% or base rate + 2.75%.
- Voluntary prepayment allowed without premium or penalty except a 1.00% premium within six months on repricing-related prepayments.
- All other material terms of the original credit agreement unchanged; obligations guaranteed by material domestic subsidiaries and secured by substantially all assets.
- Effective September 29, 2023; proceeds used to repay the existing Term B-1 Loans.

## SEC filing metadata
- accession: 0001723089-23-000151
- form_type: 8-K
- cik: 0001723089
- company_name: ChampionX Corp
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1723089/000172308923000151/0001723089-23-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1723089/000172308923000151/championx-20230929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001723089-23-000151
- JSON: https://secwatch.observer/filing/0001723089-23-000151.json
- Plain text: https://secwatch.observer/filing/0001723089-23-000151.txt

## Key facts
- Debt Financings
  ChampionX Corp amended term loan of approximately $620 million with JPMorgan Chase Bank, N.A. at adjusted SOFR Rate plus 2.75% per annum or a base rate equal plus 2.75%.
  - Instrument: term loan
  - Principal: approximately $620 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: adjusted SOFR Rate plus 2.75% per annum or a base rate equal plus 2.75%
  - Event: amendment
  source text: The First Amendment, among other things, amends certain terms of the Existing Credit Agreement, including without limitation, to reprice the Company’s approximately $620 million of existing term loans, in connection with which new term loans in the same amount were issued (the “Term B-2 Loans”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723089/000172308923000151/0001723089-23-000151-index.htm
- Material Agreements
  ChampionX Corp amended Amendment No. 1 to Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto valued at approximately $620 million (effective 2023-09-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
  - Value: approximately $620 million
  - Effective: 2023-09-29
  source text: On September 29, 2023 (the “Effective Date”), ChampionX Corporation (the “Company”) entered into Amendment No. 1 to Amended and Restated Credit Agreement (the “First Amendment”), by and among, inter alios, the Company, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which amends that certain Amended and Restated Credit Agreement dated as of June 7, 2022 (the “Existing Credit Agreement”) by and among, inter alios, the Company, as borrower, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723089/000172308923000151/0001723089-23-000151-index.htm

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