|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC, Wells Fargo Agent $800MM Credit Facility for Koppers
|
Lenders/Participants
|
PNC Bank [Administrative Agent, Collateral Agent, Swing Line Lender]
Wells Fargo Bank [Administrative Agent]
|
|
Structure
|
Revolving Credit Facility
|
|
Amount
|
$800.000
Million
|
|
Borrower(s)
|
Koppers
|
|
Description
|
Company entered into a Credit Agreement with Holdings, certain lenders and letter of credit issuers for an $800 million revolving credit facility, a $50 million swingline facility and one or more incremental revolving or term loan facilities. The Agreement replaces a prior agreement for a $600 million senior secured revolving credit facility and a $100 million senior secured term loan facility. The Agreement provides lower pricing tiers and additional financial flexibility to support the company's ongoing growth strategy as well as sustainability initiatives. The Agreement also permits the company, in consultation with the co-sustainability agents, PNC Capital Markets and BofA Securities, to amend the Agreement for the purpose of incorporating either key performance indicators (KPIs) with respect to certain environmental, social and governance (ESG) targets or external ESG ratings targets. Certain pricing adjustments may be made under the Agreement based on the company's performance against the KPIs or upon achieving the external ESG targets. PNC Bank will serve as the revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank will serve as term administrative agent.
|
|
Industry
|
Specialty Industries
|
|
Location
|
PA
|
| Related Tags |
PNC Bank, Wells Fargo Bank
|
ABL Advisor
Deal Tables
2025
|
|
|
|