Koppers (KOP) repriced its $495 million seven-year senior secured term loan B due April 2030.
The repricing decreased the interest rate margins applicable to the loan by 50 basis points to 2.5% with a floor of 50 basis points from 3% with a floor of 50 basis points at adjusted term SOFR rate or adjusted daily simple SOFR, the company said Tuesday in a statement.
Price: 32.00, Change: -0.81, Percent Change: -2.47
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