Stepan enters USD 500 million credit agreement led by JPMorgan, Bank of America

Bitget2026/09/28 10:06

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Stepan entered a new Credit Agreement on Sept. 25, 2026 for committed facilities totaling USD 500 million.
Package includes a USD 350 million multicurrency revolving credit facility, a USD 150 million delayed draw term loan facility.
Both facilities mature on Sept. 25, 2031.
Deal includes an expansion option to add up to USD 250 million in revolving capacity or incremental term loans.
New facilities replace the June 24, 2022 revolving facility of USD 350 million, delayed draw term loan facility of USD 100 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stepan Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-403127), on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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