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Stock impact report

Koppers (KOP) Concludes Repricing & Upsizing of Term Loan B [Yahoo! Finance]

Koppers Holdings Inc. Koppers Holdings Inc. (KOP) 
Last koppers holdings inc. koppers holdings inc. earnings: 2/27 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
In addition to eliminating the 10 basis point (bp) credit spread adjustment from the TLB's pricing structure, this transaction lowers the interest rate margins applicable to the TLB by 50 bps, from 3.50% with a floor of 50 bps to 3.00% with a floor of 50 bps at adjusted Term SOFR Rate or adjusted Daily Simple SOFR. The TLB was also increased by $100 million, at par, bringing the principal balance to $497 million. The TLB's proceeds are expected to be utilized for general corporate uses. Reducing borrowings under its revolving credit facility is the company's goal, including the recent borrowings used to finance the purchase of Brown Wood Preserving. The TLB's administrative agent is Wells Fargo Bank, National Association. Joint lead arrangers and bookrunners for the TLB are Wells Fargo Securities, LLC, PNC Capital Markets LLC, BofA Securities, Inc., Fifth Third Bank, National Association, Citizens Bank, N.A., and Truist Securities, Inc. Shares of Koppers, a worldwide provider o Show less Read more
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