Press Release

Kraton Corporation Announces Intent to Initiate Term Loan Reprice, Maturity Extension and Euro Tranche Upsize

HOUSTON, Feb. 21, 2018 /PRNewswire/ — Kraton Corporation (NYSE: KRA) (the “Company”) and certain of its wholly owned subsidiaries announced today that, subject to market conditions, they intend to amend the existing senior secured term loan facility (the “Term Loan Facility”) to:

  • reprice the existing term loans under the Term Loan Facility;
  • extend its maturity by approximately three years to March 2025; and
  • increase borrowings under the Euro denominated tranche of the Term Loan Facility by approximately $100 to $200 million.

The Company plans to use the proceeds from additional borrowings under the Euro denominated tranche to pay down a portion of the existing U.S. dollar denominated tranche under the Term Loan Facility.

The Company anticipates holding lender conference calls to discuss the financing on February 23, 2018. J.P. Morgan, Deutsche Bank, and Credit Suisse are joint lead arrangers and joint bookrunners for the financing.

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

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