Brief: Innospec Says On Sept 26, And Certain Units Entered Into Multicurrency Revolving Facility Agreement With Various Lenders

Innospec

30/09/2019 12:10

Sept 30 (Reuters) - Innospec Inc  IOSP.O :
    * INNOSPEC INC - ON SEPT 26, AND CERTAIN UNITS ENTERED INTO
MULTICURRENCY REVOLVING FACILITY AGREEMENT WITH VARIOUS LENDERS
    * INNOSPEC INC - AGREEMENT PROVIDES FOR $250 MILLION
FOUR-YEAR
MULTICURRENCY REVOLVING LOAN FACILITY AVAILABLE TO BORROWERS
    * INNOSPEC - AGREEMENT ALSO CONTAINS ACCORDION FEATURE
WHEREBY CO
MAY ELECT TO INCREASE TOTAL AVAILABLE BORROWINGS BY AGGREGATE
AMOUNT OF UP TO $125 MILLION
    * INNOSPEC - TERMINATION DATE OF FACILITY IS SEPT 25, 2023,
BUT CO
HAS OPTION TO REQUEST EXTENSION OF FACILITY FOR A FURTHER YEAR
    * INNOSPEC INC - AMOUNTS BORROWED UNDER FACILITY WILL BE
USED TO
REFINANCE EXISTING INDEBTEDNESS OF CO AND ITS SUBSIDIARIES
    * INNOSPEC INC - AMOUNTS AVAILABLE UNDER FACILITY MAY BE
BORROWED
IN U.S. DOLLARS, EUROS, BRITISH POUNDS AND OTHER FREELY
CONVERTIBLE CURRENCIES

Source text: (https://bit.ly/2nQ4b79)
Further company coverage:  IOSP.O 

 ((Reuters.Briefs@thomsonreuters.com;))