Koppers subsidiary uses accordion to increase revolver to $350 million

By Angela McDaniels

Tacoma, Wash., Dec. 18 - Koppers Holdings Inc. subsidiary Koppers Inc. exercised the accordion feature of its revolving credit facility on Friday, increasing it to $350 million from $300 million.

The company also entered into an amendment that inserts a replacement accordion provision that will allow it to increase the revolver to up to $450 million, according to an 8-K filing with the Securities and Exchange Commission.

Koppers is a Pittsburgh-based provider of carbon compounds and commercial wood treatment products.

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