Quaker Houghton Boosts Credit Capacity by $1.6B, Extends Maturities to 2031
Quaker Houghton has extended its nearest debt maturity to 2031 under an amended credit agreement, replacing existing loans with a $550M USD term loan, a €250M term loan and an $800M revolving credit facility. The agreement increases potential revolving credit capacity by $331M and improves liquidity for growth and M&A.
1. Amended Credit Agreement Details
Quaker Houghton’s amended agreement comprises a $550 million senior secured U.S. dollar term loan, a €250 million senior secured euro term loan and an $800 million revolving credit facility, each with a five-year maturity. The company repaid its existing debt in full, terminated prior revolving commitments and secured the right to increase its revolving facility by $331 million for additional liquidity.
2. Strategic Impact and Financial Flexibility
By extending its nearest debt maturity to 2031 and improving credit terms, the company bolsters its balance sheet and lowers refinancing risk. Enhanced liquidity positions the company to fund strategic growth initiatives, pursue M&A opportunities and prioritize capital allocation for both organic expansion and shareholder returns.