Brief: Newmarket , Entered Into A Credit Agreement For A New $900 Million Revolving Credit Facility

NewMarket

25/01/2024 12:59

Jan 25 (Reuters) - NewMarket Corp  NEU.N :
    * NEWMARKET CORP - ON JANUARY 22, ENTERED INTO A CREDIT
AGREEMENT
FOR A NEW $900 MILLION REVOLVING CREDIT FACILITY
    * NEWMARKET CORP: REVOLVING CREDIT FACILITY MATURES ON
JANUARY 22,
2029 AND INCLUDES A $500 MILLION SUBLIMIT FOR MULTICURRENCY
BORROWINGS
    * NEWMARKET CORP - ON JANUARY 22, 2024, COMPANY ALSO ENTERED
INTO
A CREDIT AGREEMENT FOR A $250 MILLION TERM LOAN
    * NEWMARKET CORP - TERM LOAN MATURES ON JANUARY 22, 2026
    * NEWMARKET CORP - CO TERMINATED ITS FORMER REVOLVING CREDIT
FACILITY AND THE RELATED CREDIT AGREEMENT, DATED AS OF MARCH 5,
2020
    * NEWMARKET- UPON TERMINATION OF CREDT DEAL DATED MARCH 5,
2020,
REPAID ABOUT $715 MILLION OUTSTANDING UNDER FORMER FACILITY,
PLUS ACCRUED, UNPAID INTEREST
    * NEWMARKET CORP - ON JAN 22, CO BORROWED ENTIRE $250
MILLION
AVAILABLE UNDER TERM LOAN CREDIT DEAL AND ABOUT $465 MILLION
UNDER REVOLVING CREDIT AGREEMENT
    * NEWMARKET CORP -CO USED PROCEEDS TO REPAY AMOUNTS
OUTSTANDING
UNDER THE FORMER CREDIT AGREEMENT, DATED AS OF MARCH 5, 2020

Source text for Eikon: [ID:https://bitly.ws/3aMT9]
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