Kirby gets $500 million five-year term loan, extends revolver to 2024

By Angela McDaniels

Tacoma, Wash., March 28 – Kirby Corp. amended and restated its credit agreement to add a new $500 million five-year term loan and extend its existing $850 million revolving credit facility to March 27, 2024, according to a company news release.

The new term loan is repayable in quarterly installments beginning June 30, 2020 in increasing percentages of the original principal amount of the loan.

Borrowings will be used for general corporate purposes including acquisitions.

JPMorgan Chase Bank, NA is the administrative agent.

Kirby is a Houston-based tank barge operator transporting bulk liquid products.

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