Quaker Houghton closes $550 million 7-year Term Loan B refinancing led by JPMorgan
KWR•Quaker Houghton closed a $550 million, seven-year Term Loan B facility to refinance its existing U.S. term loans, keeping leverage unchanged. The facility matures in October 2033 and is priced at SOFR +175 basis points.
1. Refinancing terms
Quaker Houghton closed a new $550 million, seven-year Term Loan B facility, amending its existing credit agreement and using the proceeds to repay in full the U.S. term loans outstanding under the prior agreement. The facility matures in October 2033, is priced at SOFR +175 basis points and has quarterly amortization of 0.25% of initial principal, with the remaining balance due at maturity; JPMorgan Chase Bank served as administrative agent.
