BRIEF-PQ Group Holdings Announces Successful Pricing Of Term Loan Facility, Entry Into Swap Arrangements [Reuters]
PQ Group Holdings, Inc (PQG)
Last pq group holdings, inc earnings: 2/20 06:15 am
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Source: Reuters
BRIEF-PQ Group Holdings Announces Successful Pricing Of Term Loan Facility, Entry Into Swap Arrangements | Reuters Reuters Staff 2 Min Read Jan 19 (Reuters) - PQ Group Holdings Inc: * PQ GROUP HOLDINGS ANNOUNCES SUCCESSFUL PRICING OF TERM LOAN FACILITY AND ENTRY INTO SWAP ARRANGEMENTS * PQ GROUP HOLDINGS - SECURED COMMITMENTS TO REFINANCE EXISTING SENIOR SECURED TERM LOAN FACILITY WITH NEW, PRE-PAYABLE SENIOR SECURED TERM LOAN FACILITY * PQ GROUP HOLDINGS INC - ? NEW TERM FACILITY IS EXPECTED TO MATURE IN FEBRUARY 2025 * PQ GROUP HOLDINGS INC - NEW SENIOR TERM LOAN FACILITY OF $1.267 BILLION AT A LOWER INTEREST RATE MARGIN AND WITH AN EXTENDED MATURITY * PQ GROUP HOLDINGS INC - ? NEW TERM FACILITY IS EXPECTED TO BEAR INTEREST AT A FLOATING RATE OF LIBOR PLUS 2.50 PERCENT PER ANNUM * PQ GROUP HOLDINGS INC - ALSO AGREED TO ENTER INTO MULTIPLE CROSS CURRENCY SWAP ARRANGEMENTS TO HEDGE FOREIGN CURRENCY RISK * PQ GROUP HOLDINGS INC - ? INTENDS TO USE NET PROCEEDS OF NEW TERM LOAN FACILITY
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