Axalta Coating Systems (AXTA) Units to Enter Debt Refi

November 30, 2016 7:36 AM EST

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Axalta Coating Systems (NYSE: AXTA) disclosed the following in a U.S. SEC filing on Wednesday:

Item 7.01 Regulation FD Disclosure.

Axalta Coating Systems Dutch Holding B B.V. and Axalta Coating Systems U.S. Holdings, Inc. (together, the “Borrowers”), wholly owned subsidiaries of Axalta Coating Systems Ltd. (the “Company”), expect to enter into an amendment (the “Amendment”) to the Credit Agreement, dated as of February 1, 2013, among the Borrowers, the guarantors party thereto, the lenders from time to time party thereto and Barclays Bank PLC, as administrative agent and collateral agent, as amended (the “Credit Agreement”). The Amendment is expected to refinance and extend the maturity of the Borrowers’ existing $1,775 million and €187 million term loans, lower the interest rate applicable to the term loans and amend certain provisions of the Credit Agreement related to restricted payments, investments, liens, asset sales, additional indebtedness and the incremental facility.



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