Koppers Announces Repricing of $495 Million Term Loan B
Koppers Holdings(KOP) ZACKS·2024-12-19 21:31
Koppers Holdings Inc. (KOP) , an integrated global manufacturer of treated wood products, wood treatment chemicals and carbon compounds, said that it has completed the repricing of its seven-year $495 million senior secured Term Loan B ("TLB") due April 10, 2030.This transaction lowers the TLB's interest rate margins by 50 basis points, from 3% with a 50 basis point floor to 2.5% with a 50 basis point floor at the adjusted Term SOFR Rate or adjusted Daily Simple SOFR.This deal is consistent with Koppers' co ...