April 10 (Reuters) - Koppers Holdings Inc:
* COX INDUSTRIAL WILL BE RENAMED AS UTILITY AND INDUSTRIAL PRODUCTS UNIT OF KOPPERS
* KOPPERS INC SIGNED AN AGREEMENT TO ACQUIRE INDUSTRIAL DIVISION OF COX INDUSTRIES FOR APPROXIMATELY $200 MILLION IN CASH
* INCREASES 2018 FORECAST TO $1.9 BILLION SALES & $240 MILLION ADJUSTED EBITDA
* EXPECTS THAT COMBINED CO WILL ACHIEVE TOTAL SYNERGIES OF AT LEAST $5 MILLION ON ANNUALIZED BASIS FROM OVERHEAD COST SAVINGS
* KOPPERS EXPECTS ACQUISITION TO BE ACCRETIVE TO EARNINGS PER SHARE IN 2018
* ON ADJUSTED BASIS, ACQUISITION EXPECTED TO CONTRIBUTE $0.15 TO $0.20 IN EARNINGS PER SHARE (EPS) IN 2018
* ON ADJUSTED BASIS ACQUISITION EXPECTED TO CONTRIBUTE ANNUALIZED RUN RATE OF $0.40 TO $0.50 PER SHARE IN 2019
* FINANCING DEAL WITH EXISTING BANK DEBT, EXPECTS TO ENTER NEW TERM LOAN FACILITY, ADDED TO EXISTING $600 MILLION REVOLVING FACILITY, AFTER CLOSE
* NEW SECURED TERM LOAN FACILITY WILL INCLUDE SECURED TERM LOAN OF $100 MILLION
* ANTICIPATES CAPITAL EXPENDITURES TO BE IN RANGE OF $60 MILLION TO $70 MILLION FOR 2018 Source text for Eikon: Further company coverage: