Conshohocken, Pa. – October 01, 2026 -- Quaker Houghton (NYSE: KWR) has closed a new 7-year, $550 million Term Loan B facility, refinancing its existing U.S. Term Loans and pushing debt maturity out to October 2033.
New facility carries SOFR plus 175 basis points pricing
The Term Loan B amends the company's existing Credit Agreement, with proceeds used to repay in full the U.S. Term Loans previously outstanding. Quarterly amortization payments will equal 0.25% of the initial $550 million principal, with the remaining balance due at the October 2033 maturity date.
CEO cites lender confidence in cash flow and market position
Chief Executive Officer Joseph Berquist said the transaction extends the company's debt maturity profile and reduces required annual debt payments, freeing capacity for strategic growth investment while maintaining disciplined capital allocation. He said the deal reflects strong lender support and confidence in the company's market leadership, cash flow generation and long-term growth strategy.
JPMorgan Chase served as administrative agent
JPMorgan Chase Bank, N.A. acted as administrative agent for the refinancing. Quaker Houghton, the global leader in industrial process fluids, serves steel, aluminum, automotive, aerospace, offshore, can, mining and metalworking customers across more than 25 countries.