Koppers amends loan, getting $40 million term loan, increasing revolver

By Sara Rosenberg

New York, May 3 - Koppers Inc. amended its credit facility, providing for a $40 million term loan and an increase in the revolver to $125 million from $110 million, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

Proceeds from the incremental debt were used to fund the purchase of certain assets related to the coal tar business of Reilly Industries Inc.

The amendment was completed on April 28.

PNC Bank is the administrative agent on the deal.

Koppers is a Pittsburgh-based producer of carbon compounds and treated wood products.

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