Brief: Championx Successfully Closes Debt Refinancing

ChampionX

07/06/2022 14:12

June 7 (Reuters) - ChampionX Corp  CHX.O :
    * CHAMPIONX SUCCESSFULLY CLOSES DEBT REFINANCING
    * CHAMPIONX -REFINANCED EXISTING CREDIT FACILITIES WITH
RESTATED
SENIOR SECURED CREDIT FACILITY, AMENDING, RESTATING 2018 SENIOR
SECURED CREDIT FACILITY
    * CHAMPIONX CORP - RESTATED AGREEMENT PROVIDES A $625
MILLION
7-YEAR TERM LOAN B AND A $700 MILLION 5-YEAR REVOLVING CREDIT
FACILITY
    * CHAMPIONX - WILL USE PROCEEDS FROM TERM LOAN, INITIAL DRAW
FROM
REVOLVING CREDIT FACILITY, TO REPAY OUTSTANDING AMOUNTS UNDER
2018 CREDIT FACILITY
    * CHAMPIONX CORP - WILL USE PROCEEDS FROM TERM LOAN, INITIAL
DRAW
FROM REVOLVING CREDIT FACILITY, TO REPAY AND TERMINATE ITS 2020
TERM LOAN FACILITY
    * CHAMPIONX - WILL USE PROCEEDS FROM TERM LOAN, INITIAL DRAW
FROM
REVOLVING CREDIT FACILITY, TO REDEEM ALL OUTSTANDING 6.375%
SENIOR NOTES DUE 2026

Source text for Eikon:  ID:nGNXcfLS4H 
Further company coverage:  CHX.O 

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