QUAKER CHEMICAL CORPORATION (NYSE:KWR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.
| Entry into a Material Definitive Agreement |
Amendment to Amended and Restated Credit Agreement
On May 23, 2017, Quaker Chemical Corporation (the Company)
and certain of its subsidiaries, as borrowers, Bank of America,
N.A. (Bank of America) as Administrative Agent, and the
other lenders party thereto, entered into an amendment (the
Amendment) to that certain Amended and Restated Credit
Agreement, dated as of June 14, 2013, by and among the Company
and certain of its subsidiaries, as borrowers, Bank of America as
administrative agent, swing line lender and L/C issuer, and the
other lenders party thereto (as amended, the Credit
Facility).
Among other things, the Amendment extends the maturity date of
the Credit Facility to June 14, 2019.
The administrative agent and certain of the lender parties to the
Amendment and/or the Credit Facility have provided, and may in
the future provide, normal banking, investment banking and/or
advisory services for the Company and/or its affiliates from time
to time, for which they have received, or may in the future
receive, customary fees and expenses.
The foregoing description of the Amendment is a summary and is
qualified in all respects by the provisions of the Amendment, a
copy of which is attached as Exhibit 10.1 to this Current Report
on Form 8-K and is incorporated by reference herein.
| Item 2.03. |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information in Item 1.01 of this current report is hereby
incorporated by reference into this Item 2.03.
| Item 9.01. | Financial Statements and Exhibits. |
The following exhibits are included as part of this report:
|
Exhibit No. |
Description |
|
| 10.1 |
Amendment No. 1, dated as of May 23, 2017, to the Amended and Restated Credit Agreement, dated as of June 14, 2013. |
|
About QUAKER CHEMICAL CORPORATION (NYSE:KWR)
Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America. The Company develops, produces and markets a range of formulated chemical specialty products. The Company’s principal products and services include rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, bio-lubricants, hydraulic fluids, chemical milling maskants, temporary and permanent coatings, construction products, specialty greases, die casting lubricants and programs to provide chemical management services (CMS). The Company offers CMS for various heavy industrial and manufacturing applications. QUAKER CHEMICAL CORPORATION (NYSE:KWR) Recent Trading Information
QUAKER CHEMICAL CORPORATION (NYSE:KWR) closed its last trading session down -1.51 at 138.94 with 24,313 shares trading hands.
