KRA - Kraton amends and extends ABL Credit Facility

Kraton (KRA) amends its senior secured asset-based revolving credit facility and extends the maturity date of the ABL Facility from January 2023 to December 2025 and provides for a $50M increase in aggregate commitment to $300M.  The amendment also provides for a 12.5 basis point reduction in the unused line fee for available committed amounts with no outstanding borrowings under the facility."The newly-secured five year term on our ABL Facility provides Kraton with long-term access to liquidity, while the increased borrowing availability and improved pricing for amounts outstanding under the facility further enhances our overall financial flexibility," said Atanas H. Atanasov, Kraton's Executive VP and CFO.

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Kraton amends and extends ABL Credit Facility