HOUSTON, July 27, 2017 /PRNewswire/ — Kraton Corporation (NYSE: KRA) (the “Company”) and certain of its wholly owned subsidiaries announced today that they intend to enter into a Fourth Amendment to the Credit and Guarantee Agreement (the “Amendment”), amending the Credit and Guarantee Agreement, dated as of January 6, 2016. Pursuant to the Amendment, a wholly-owned Dutch subsidiary of the Company intends to borrow a new tranche of term loans denominated in Euros in an aggregate principal amount equal to ‚¬220 million (the “Euro Tranche”). The Company plans to use the proceeds from the Euro Tranche borrowings to pay down a portion of the existing U.S. dollar denominated term loans (the “USD Tranche”). Simultaneously with the pay down of the USD Tranche, the Company intends to reprice the then-outstanding USD Tranche. as a result of the new Euro Tranche and the repricing of the USD Tranche (together, the “Financing”), the Company expects to generate savings in interest expense annually and eliminate certain financial covenants.

The Company anticipates holding lender meetings in London to discuss the Financing on July 31, 2017. J.P. Morgan, Deutsche Bank, Credit Suisse, and Bank of America Merrill Lynch are joint lead arrangers and joint bookrunners for the transaction.