Koppers (KOP) Concludes Repricing & Upsizing of Term Loan B

Zacks04-16

Koppers Holdings Inc. KOP has successfully concluded the upsizing and repricing of its seven-year $397 million senior secured Term Loan B (TLB), due Apr 10, 2030.In addition to eliminating the 10 ...

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KOP has successfully concluded the upsizing and repricing of its seven-year $397 million senior secured Term Loan B (TLB), due Apr 10, 2030.In addition to eliminating the 10 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/koppers-kop-concludes-repricing-upsizing-105200930.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Koppers (KOP) Concludes Repricing & Upsizing of Term Loan B</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKoppers (KOP) Concludes Repricing & Upsizing of Term Loan B\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-16 18:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/koppers-kop-concludes-repricing-upsizing-105200930.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Koppers Holdings Inc. KOP has successfully concluded the upsizing and repricing of its seven-year $397 million senior secured Term Loan B (TLB), due Apr 10, 2030.In addition to eliminating the 10 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/koppers-kop-concludes-repricing-upsizing-105200930.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z4B17.USD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/koppers-kop-concludes-repricing-upsizing-105200930.html","article_id":"2427825431","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/rkRlfJUbFheDXif9qCKV2A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/236d157ebb08cbf8ff3dbacf7ce7623b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427825431","pubTimestamp":1713264720,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Koppers currently carries a Zacks Rank #3 .Better-ranked stocks in the basic materials space include Denison Mines Corp. DNN, Carpenter Technology Corporation CRS and Ecolab Inc. ECL.Denison Mines sports a Zacks Rank #1 . DNN beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 300%. The company’s shares have soared 100% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.Carpenter Technology currently carries a Zacks Rank #2 . CRS beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, with the average earnings surprise being 12.2%. The company’s shares have soared 64.6%% in the past year.The Zacks Consensus Estimate for Ecolab current-year earnings is pegged at $6.43 per share, indicating a year-over-year rise of 23.4%. The Zacks Consensus Estimate for ECL’s current-year earnings has been stable in the past 30 days. ECL, a Zacks Rank #2 stock, beat the consen","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","DNN":"丹尼森矿业","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","BK4006":"钢铁","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","BK4109":"特种化学制品","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","BK4585":"ETF&股票定投概念","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","LU2125910179.SGD":"Natixis Thematics Water H-R/A SGD","CRS":"卡朋特科技","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU2125910336.SGD":"Natixis Thematics Water R/A SGD","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","KOP":"科佩斯控股","LU1923621640.USD":"Natixis Thematics Water R/A USD","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","BK4588":"碎股","BK4156":"煤与消费用燃料","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","BK4090":"商品化工","ECL":"艺康集团"},"translate_title":"Koppers（KOP）完成定期贷款B的重新定价和扩大规模","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KOP":1,"DNN":1,"ECL":1,"CRS":0.9},"content_text":"Koppers Holdings Inc. KOP has successfully concluded the upsizing and repricing of its seven-year $397 million senior secured Term Loan B (TLB), due Apr 10, 2030.In addition to eliminating the 10 basis point (bp) credit spread adjustment from the TLB's pricing structure, this transaction lowers the interest rate margins applicable to the TLB by 50 bps, from 3.50% with a floor of 50 bps to 3.00% with a floor of 50 bps at adjusted Term SOFR Rate or adjusted Daily Simple SOFR. The TLB was also increased by $100 million, at par, bringing the principal balance to $497 million.The TLB's proceeds are expected to be utilized for general corporate uses. Reducing borrowings under its revolving credit facility is the company's goal, including the recent borrowings used to finance the purchase of Brown Wood Preserving.The TLB's administrative agent is Wells Fargo Bank, National Association. Joint lead arrangers and bookrunners for the TLB are Wells Fargo Securities, LLC, PNC Capital Markets LLC, BofA Securities, Inc., Fifth Third Bank, National Association, Citizens Bank, N.A., and Truist Securities, Inc.Shares of Koppers, a worldwide provider of carbon compounds, wood treatment chemicals and treated wood products, have gained 62% over the past year against a 9.9% decline of its industry.\nImage Source: Zacks Investment Research\nKoppers, on its fourth-quarter call, noted that it remains focused on expanding and optimizing its business and making progress toward its long-term financial goals.The company anticipates sales for 2024 to be roughly $2.25 billion. It also expects adjusted EBITDA to be approximately $275 million for the year. Koppers sees adjusted earnings per share to be $4.60-$4.80 for 2024.The company also expects capital expenditures of roughly $100 million for this year.\n\nKoppers Holdings Inc. Price and Consensus\n  \nKoppers Holdings Inc. price-consensus-chart | Koppers Holdings Inc. Quote\n\nZacks Rank & Key Picks\nKoppers currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the basic materials space include Denison Mines Corp. DNN, Carpenter Technology Corporation CRS and Ecolab Inc. ECL.Denison Mines sports a Zacks Rank #1 (Strong Buy). DNN beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 300%. The company’s shares have soared 100% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.Carpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, with the average earnings surprise being 12.2%. The company’s shares have soared 64.6%% in the past year.The Zacks Consensus Estimate for Ecolab current-year earnings is pegged at $6.43 per share, indicating a year-over-year rise of 23.4%. The Zacks Consensus Estimate for ECL’s current-year earnings has been stable in the past 30 days. ECL, a Zacks Rank #2 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.7%. The company’s shares have rallied roughly 33.6% in the past year. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nEcolab Inc. (ECL) : Free Stock Analysis Report\nCarpenter Technology Corporation (CRS) : Free Stock Analysis Report\nKoppers Holdings Inc. (KOP) : Free Stock Analysis Report\nDenison Mine Corp (DNN) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427825431"}