Quaker Houghton Announces Amended Credit Agreement; Extends Debt Maturities and Increases Available Credit

Published: 2026-04-14 17:20:41 ET KWR

Published on 04/14/2026 at 05:20 pm EDT

Quaker Houghton announced that it has entered into an amended credit agreement with certain existing and new holders and lenders of the Company's outstanding term loans and revolving credit facility. The Amended Agreement extends the Company's nearest debt maturity to 2031, improves its overall credit terms, and significantly increases the amount available under its revolving credit facility. The Amended Agreement includes the following facilities: $550 million senior secured U.S. dollar-denominated term loan.

$250 million (equivalent) senior secured euro-denominated term loan. $800 million senior secured revolving credit facility. The term loans and the revolving credit facility each have a five-year maturity, and the Company has the right to increase the amount of the revolving credit facility by approximately $331 million for additional liquidity.

Proceeds from the new term facilities were used to repay in full all outstanding loans under the existing credit agreement, to terminate the revolving credit commitments under the existing credit agreement, and to fund strategic growth and future capital allocation priorities. Bank of America, N.A. acted as the administrative agent for the syndicate of sixteen banks.