NYSE:KWRChemicals
Did Extending Debt Maturities and Expanding Credit Lines Just Shift Quaker Chemical's (KWR) Investment Narrative?
Earlier this month, Quaker Houghton amended its credit agreement, extending its nearest debt maturity to 2031, improving credit terms, and arranging US$550 million in U.S. dollar term loans, US$250 million equivalent in euro term loans, and an US$800 million revolving credit facility to refinance existing debt and fund growth and capital allocation priorities.
The expanded revolving capacity and option to increase it by about US$331 million give Quaker Houghton additional financial...