Koppers Successfully Reprices Term Loan B

Core Viewpoint - Koppers Holdings Inc. has successfully repriced its seven-year $495 million senior secured Term Loan B, reducing interest rate margins by 50 basis points, which is part of the company's strategy to optimize its capital structure and reduce interest expenses without altering leverage, covenants, or maturity date [1][2][3]. Group 1: Financial Transaction Details - The interest rate margins for the Term Loan B have been reduced from 3.00% with a floor of 50 basis points to 2.50% with a floor of 50 basis points, based on the adjusted Term SOFR Rate or adjusted Daily Simple SOFR [2]. - The transaction was facilitated by Wells Fargo Bank, National Association, acting as the administrative agent, with several banks serving as joint lead arrangers and bookrunners [3]. Group 2: Company Overview - Koppers Holdings Inc. is an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, serving various industries including railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction [4]. - The company operates a comprehensive global manufacturing and distribution network with facilities located in North America, South America, Australasia, and Europe [4].