Koppers Holdings, a provider of treated wood products, wood treatment chemicals and carbon compounds, completed the repricing and upsizing of its secured term loan B, increasing the principal balance to $497 million. Wells Fargo is acting as administrative agent for the term loan.
Koppers, a provider of treated wood products, wood treatment chemicals and carbon compounds, completed the repricing of its seven-year, $399 million senior secured term loan B due April 10, 2030. Wells Fargo is acting as administrative agent for the term loan.
Koppers entered into a credit agreement with PNC Bank and Wells Fargo Bank for an $800 million revolving credit facility, a $50 million swingline facility and one or more incremental revolving or term loan facilities.
Koppers entered into a new $400 million revolving credit agreement with a $100 million accordion feature. PNC Bank was administrative agent.