February 22, 2018 / 2:39 AM / 8 months ago

BRIEF-Kraton Corporation Intending To Initiate Term Loan Reprice, Maturity Extension And Euro Tranche Upsize

Feb 21 (Reuters) - Kraton Corp:

* ORATION ANNOUNCES INTENT TO INITIATE TERM LOAN REPRICE, MATURITY EXTENSION AND EURO TRANCHE UPSIZE

* INTEND TO INCREASE BORROWINGS UNDER THE EURO DENOMINATED TRANCHE OF THE TERM LOAN FACILITY BY APPROXIMATELY $100 TO $200 MILLION

* INTEND TO EXTEND MATURITY OF EXISTING SENIOR SECURED TERM LOAN FACILITY BY APPROXIMATELY THREE YEARS TO MARCH 2025

* KRATON - TO USE PROCEEDS FROM ADDITIONAL BORROWINGS UNDER EURO DENOMINATED TRANCHE TO PAY DOWN PORTION OF EXISTING U.S. DOLLAR DENOMINATED TRANCHE Source text for Eikon: Further company coverage:

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