PQ upsizes ABL facility to $250 million, trims margin, extends term

By Wendy Van Sickle

Columbus, Ohio, March 23 – PQ Corp. Holdings Inc.’s indirect, wholly owned subsidiary, PQ Corp., amended its existing credit agreement, upsizing the asset-based lending facility to $250 million from $200 million, according to a news release.

Additionally, the interest rate margin was reduced by 25 basis points to Libor plus 125 bps to 175 bps.

Also, the maturity date was extended by about two years to March 2025, subject to acceleration under certain circumstances.

PQ is a Malvern, Pa.-based producer of specialty inorganic performance chemicals and catalysts.

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