Press Release

Kraton Announces Succesful Repricing of $1.278 Billion Term Loan

HOUSTON, Dec. 13, 2016 /PRNewswire/ — Kraton Corporation (NYSE: KRA), a leading global producer of styrenic block copolymers, specialty polymers, and value-added specialty products primarily derived from Renewable sources, announced that it has successfully allocated a re-pricing of its $1.278 billion term loan. The interest rate on the amended term loan will be LIBOR plus 4.00%, a 1.00% reduction from the previous interest rate of LIBOR plus 5.00%. the terms of the term loan will be substantially similar to the existing term loan. the transaction is expected to close on or about January 9, 2017, subject to customary closing conditions.

About Kraton Corporation

Kraton Corporation is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton’s polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants, and lubricants, and medical, packaging, automotive, paving, and roofing products. As the largest global provider in the pine chemicals industry, the company’s pine-based specialty products are sold into adhesive, road and construction, and tire markets, and it produces and sells a broad range of performance chemicals into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide.

*Kraton, the Kraton logo, and design are all trademarks of Kraton Corporation, or its subsidiaries or affiliates, in one or more, but not all countries.

SOURCE: Kraton Corporation

Media Contact: newsroom@kraton.com

Further Reading

Explore additional insights, news, and success stories.