KOPPERS HOLDINGS INC. Prices $400 Million Term Loan for 2023.
March 27, 2023
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Koppers Holdings ($NYSE:KOP) Inc. recently announced the pricing of a $400 million term loan. The transaction is expected to provide Koppers Holdings Inc. with additional financing capacity and greater financial flexibility. The proceeds of the new term loan will be used to refinance existing indebtedness and for general corporate purposes.
Koppers Holdings Inc. is a leading integrated producer of chemicals and treated wood products, serving customers in the rail industry, energy sector, and specialty chemical industries across North and South America, as well as Europe, Asia, and Australia. The transaction was led by JP Morgan Chase Bank and Barclays Bank PLC and was supported by a syndicate of lenders including BMO Financial Corp., Credit Suisse AG, Goldman Sachs Bank USA, Jefferies Finance LLC, UBS Loan Finance LLC, and Wells Fargo Bank N.A. The new term loan has been secured by Koppers Holdings Inc.’s assets across multiple jurisdictions and is subject to customary terms and conditions for a term loan of this size and type.
Price History
On Monday, KOPPERS HOLDINGS stock opened at $32.3 and closed at $32.6, up by 2.6% from prior closing price of 31.8. This increase in the share price was in response to the news of the loan pricing. The new loan will help KOPPERS HOLDINGS to reduce its long-term debt and fund working capital and general corporate purposes. The loan was arranged by Bank of America Merrill Lynch, Citigroup and Wells Fargo. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Koppers Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.98k | 63.4 | 3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Koppers Holdings. More…
| Operations | Investing | Financing |
| 102.3 | -114.8 | 4.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Koppers Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.71k | 1.31k | 17.64 |
Key Ratios Snapshot
Some of the financial key ratios for Koppers Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.8% | -0.4% | 7.1% |
| FCF Margin | ROE | ROA |
| -0.2% | 22.8% | 5.1% |
Analysis
At GoodWhale, we conducted an analysis of KOPPERS HOLDINGS‘ wellbeing. Based on our Star Chart, KOPPERS HOLDINGS is strong in asset, medium in dividend, profitability and weak in growth. KOPPERS HOLDINGS has an intermediate health score of 6/10 with regard to its cashflows and debt. This indicates that KOPPERS HOLDINGS is likely to be able to pay off debt and fund future operations. Our analysis also classifies KOPPERS HOLDINGS as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Therefore, investors who are looking for a stable and consistent investment opportunity may be interested in KOPPERS HOLDINGS. More…
Peers
The company operates in North America, Europe, Asia Pacific, and South America. Koppers Holdings Inc. has been in business for over 100 years and has a strong brand presence. The company’s main competitors are Atul Ltd, Shikoku Chemicals Corp, and Ingevity Corp.
– Atul Ltd ($BSE:500027)
Atul Ltd is a market leader in the chemical industry with a market cap of 242.04B as of 2022. The company has a strong focus on R&D and innovation, which has led to a strong portfolio of products and technologies. Atul Ltd has a return on equity of 11.43%. The company has a strong presence in India and Asia Pacific region.
– Shikoku Chemicals Corp ($TSE:4099)
Shikoku Chemicals Corp is a publicly traded company with a market capitalization of $67.38 billion as of 2022. The company has a return on equity of 7.74%. Shikoku Chemicals Corp is engaged in the manufacture and sale of chemicals and chemical products. The company’s products include plastics, resins, dyes, and pigments. Shikoku Chemicals Corp is headquartered in Tokyo, Japan.
– Ingevity Corp ($NYSE:NGVT)
Ingevity is a company that provides products and services based on carbon technology. They have a market cap of $2.49 billion and a return on equity of 22.28%. The company has been in business for over 60 years and has a strong presence in North America, Europe, and Asia. Ingevity’s products are used in a variety of industries, including automotive, construction, and mining.
Summary
Koppers Holdings Inc. has recently announced a $400 million term loan to be used to finance its operations until 2023. This loan is a sign of the company’s confidence in its future and its ability to generate earnings and cash flow to repay the debt. Investors should look at this announcement as an opportunity, as it indicates that Koppers Holdings is a strong and stable business, with a strong balance sheet.
It also signals that the company is well-positioned to finance operations and growth over the next few years. Furthermore, investors should consider the current economic conditions and their impact on the company’s financial health before investing in Koppers Holdings.
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