Financing ·
Quaker Chemical creates $550 million seven-year senior secured term loan facility to repay existing debt
KWRQuaker Chemical Corp
Quaker Chemical Corporation entered into a Term Loan B Amendment on October 1, 2026, creating a new $550 million seven-year senior secured U.S. dollar-denominated term loan facility maturing on October 1, 2033. The proceeds were used to repay in full the outstanding U.S. Term Loans under the existing credit agreement. The new facility bears interest at SOFR plus 175 basis points or a base rate plus 75 basis points and requires quarterly amortization payments of 0.25% of the initial principal amount, with the balance due at maturity. Mandatory prepayments are required from excess cash flow based on leverage ratios and net proceeds from certain asset dispositions or debt issuances. The transaction is described as leverage-neutral and provides greater flexibility in the company's capital structure by extending its debt maturity profile. Quaker Chemical Corporation operates in the industrial process fluids industry, providing specialized chemical solutions for metalworking and manufacturing.