Kraton Corporation (NYSE:KRA) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
into a Second Amendment to Credit and Guarantee Agreement (the
“Amendment”), amending the Credit and Guarantee Agreement, dated
as of January 6, 2016, among Kraton Polymers LLC (the
“Borrower”), the Parent, certain subsidiaries of the Borrower, as
Guarantors, and Credit Suisse AG, Cayman Islands Branch, as
Administrative Agent and Collateral Agent (as amended, the “Term
Loan Facility”). to the Amendment, Deutsche Bank served as the
Replacement Term Lender as such term is defined in the Amendment.
billion of existing term loans under the Term Loan Facility to
LIBOR plus 4.00% and reset the period during which a prepayment
premium may be required for a “Repricing Event” (as defined in
the Credit and Guarantee Agreement) until six months after the
effective date of the Amendment.
subject to, and qualified in its entirety by, the full text of
the Amendment, attached hereto as Exhibit 10.1 and incorporated
herein by reference.
Term Lender and certain lenders under the Term Loan Facility have
in the past engaged, and may in the future engage, in
transactions with and perform services, including commercial
banking, financial advisory and investment banking services, for
the Parent, the Borrower and the Guarantors and their affiliates
in the ordinary course of business for which they have received
or will receive customary fees and expenses.
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
Term Loan Facility is incorporated by reference into this Item
2.03.
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Exhibit No.
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Description
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10.1
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Second Amendment to Credit and Guarantee Agreement,
dated as of January 9, 2017, among Kraton Polymers LLC, as the Borrower, Kraton Corporation, as the Parent, certain subsidiaries of Parent, as Guarantors, Credit Suisse AG, Cayman Islands Branch, as Administrative Agent and Deutsche Bank AG New York Branch, as Replacement Term Lender. |
About Kraton Corporation (NYSE:KRA)
Kraton Corporation, formerly Kraton Performance Polymers, Inc., is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. It operates through the manufacturing and marketing of engineered polymers segment. Its SBCs are used in a range of applications, including adhesives, coatings, consumer and personal care products, sealants, lubricants, medical, packaging, automotive, paving, roofing and footwear products. It also sells isoprene rubber (IR) and isoprene rubber latex (IRL), which are non-SBC products primarily used in applications, such as medical products, personal care, adhesives, tackifiers, paints and coatings. Kraton Corporation (NYSE:KRA) Recent Trading Information
Kraton Corporation (NYSE:KRA) closed its last trading session up +0.67 at 28.45 with 452,025 shares trading hands.