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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BofA Agents Kraton Performance Polymer’s $250MM Credit Facility
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Lenders/Participants
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Bank of America [Administrative Agent, Collateral Agent, Security Trustee]
Merrill Lynch [Joint Lead Arranger, Joint Book Manager]
JP Morgan Securities [Joint Lead Arranger, Joint Book Manager]
Wells Fargo Capital Finance [Joint Lead Arranger, Joint Book Manager]
JP Morgan Chase [Co-Syndication Agent]
Wells Fargo Bank [Co-Syndication Agent]
Barclays Bank [Documentation Agent]
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Structure
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Revolving Credit Facilities - Domestic and Foreign
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Amount
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$250.000
Million
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Borrower(s)
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Kraton Performance Polymers
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Description
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The facilities are comprised of a $150 million five-year, secured U.S. revolving credit facility and a $100 million five-year, secured non-U.S. revolving credit facility. Availability under the facilities will be subject to a borrowing base and the facilities will be secured by receivables and inventory. The facilities include a $100 million uncommitted accordion feature that, subject to borrowing base availability and approval of the bank syndicate, could increase aggregate availability to $350 million. The new revolving credit facilities replace the company’s $200 million revolving credit facility and bank term loan. An initial draw of $40 million under the new U.S. revolving facility was used, in conjunction with cash on hand, to repay the $82 million balance outstanding under the company’s bank term loan.
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Industry
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Manufacturing
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| Related Tags |
Bank of America, Barclays, HSBC Bank, JP Morgan Chase, JP Morgan Securities, Siemens Financial, Wells Fargo Bank, Wells Fargo Capital Finance
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ABL Advisor
Deal Tables
2025
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