Loan & DebtApr 14, 2026, 04:42 PM
Quaker Chemical Secures $1.6B in New Credit Facilities
AI Summary
Quaker Chemical Corporation has entered into Amendment No. 4 to its Credit Agreement, establishing new senior secured credit facilities totaling $1.6 billion. This includes a new euro-denominated term loan facility equivalent to $250 million, a new U.S. dollar-denominated term loan facility of $550 million, and a new revolving credit facility of $800 million. The company plans to use the proceeds from these new facilities to fully repay all existing U.S. Term Loans, Euro Term Loans, and Revolving Credit Loans.
Key Highlights
- Secured new Euro Term Facility equivalent to $250 million.
- Established new U.S. Term Facility for $550 million.
- Created new Revolving Credit Facility totaling $800 million.
- Total new credit facilities amount to $1.6 billion.
- Proceeds will repay existing U.S. Term, Euro Term, and Revolving Credit Loans.