Common Contracts
1 similar Bank Agreement contracts
Koppers Extends Bank AgreementBank Agreement • September 23rd, 2019
PITTSBURGH, PA, Mar 28, 2011 (MARKETWIRE via COMTEX) -- Koppers Inc., a subsidiary of Koppers Holdings Inc. (NYSE: KOP), has amended its existing credit agreement with a syndicate of banks led by Pittsburgh-based PNC and co-led by RBS Citizens Bank and Bank of America as joint book runners (the "Amendment"). The previous agreement that was due to expire October 31, 2013 has been amended to extend the expiration to March 22, 2015. The agreement continues to provide for a revolving credit facility of $300 million at an initial interest rate of LIBOR plus 225 basis points and is subject to certain covenants including maximum leverage and minimum fixed charges coverage. Additionally, the Amendment allows for a higher level of foreign investment.
