Koppers Extends Revolving Credit Facility Maturity Date to 2030

Core Points - Koppers Holdings Inc. has successfully extended the maturity date of its $800 million revolving credit facility to June 17, 2030, or 91 days prior to the maturity date of its secured term loan facility [1][2] - The transaction modifies the total net leverage ratio financial covenant, increasing the test from 4.50:1.00 to 4.75:1.00 through the life of the deal [2] - The interest rate margins on the Revolving Facility have been adjusted by removing a 10 basis points credit spread adjustment for certain SOFR loans [2] - All other material terms and conditions of the Revolving Facility remain unchanged [3] - The CFO expressed satisfaction with the extension, highlighting its role in strengthening the company's capital position and enhancing financial flexibility [3] Company Overview - Koppers is an integrated global provider of treated wood products, wood preservation technologies, and carbon compounds, employing 2,100 people [4] - The company focuses on creating and preserving essential infrastructure elements, including railroad crossties and utility poles, while innovating to meet future needs [4]