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AI brief of an SEC Form 8-K · Koppers Holdings (KOP)

Koppers Extends $800 Million Revolving Credit Facility to 2030 Under Amendment No. 6

Positive Impact 3 of 5 financing Written later

Koppers Inc., a subsidiary of Koppers Holdings Inc., signed Amendment No. 6 to its credit agreement on June 17, 2025. The amendment extends the maturity of the $800 million revolving credit facility and changes its financial covenant and interest rate margins. The company says the changes strengthen its capital position and financial flexibility, and the filing confirms the revised terms.

Key points

  • Amendment No. 6 is dated June 17, 2025, and amends the credit agreement dated June 17, 2022, with PNC Bank, National Association, as revolving administrative agent.
  • The $800 million revolving facility now matures on the earlier of 91 days before the secured term loan maturity or June 17, 2030.
  • The net leverage covenant step-down to 4.50:1.00 for the quarter ending September 30, 2026 is removed, and the test is set at 4.75:1.00 for the life of the deal.
  • The 0.10% credit spread adjustment on certain SOFR loans is removed, and the leverage ratio test used for interest rate margins is increased.

The filing

CompanyKoppers Holdings (KOP)
Form8-K, current report
Filed with the SECJun 18, 2025, 8:01 AM ET
Accession number0000950170-25-087681

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 18, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.