Stepan enters $500 million credit agreement led by JPMorgan, Bank of America
SCL•Stepan entered a $500 million credit agreement on Sept. 25, 2026, comprising a $350 million revolving facility and a $150 million delayed draw term loan. Both mature on Sept. 25, 2031.
1. Credit facilities
The new facilities replace Stepan’s June 24, 2022, revolving facility of $350 million and delayed draw term loan facility of $100 million. The agreement includes an option to add up to $250 million in revolving capacity or incremental term loans.
