ChampionX Corporation

NASDAQ:CHX   10:54:09 AM EDT
20.32
+0.84 (+4.31%)
Debt Financing / Related

Championx Successfully Closes Debt Refinancing

Published: 06/07/2022 13:16 GMT
ChampionX Corporation (CHX) - Championx Successfully Closes Debt Refinancing.
Championx -refinanced Existing Credit Facilities With Restated Senior Secured Credit Facility, Amending, Restating 2018 Senior Secured Credit Facility.
Championx Corp - Restated Agreement Provides a $625 Million 7-year Term Loan B and a $700 Million 5-year Revolving Credit Facility.
Championx - Will Use Proceeds From Term Loan, Initial Draw From Revolving Credit Facility, to Repay Outstanding Amounts Under 2018 Credit Facility.
Championx Corp - Will Use Proceeds From Term Loan, Initial Draw From Revolving Credit Facility, to Repay and Terminate Its 2020 Term Loan Facility.
Championx - Will Use Proceeds From Term Loan, Initial Draw From Revolving Credit Facility, to Redeem All Outstanding 6.375% Senior Notes Due 2026.