Axalta Coating plans to extend revolving facility, reduce pricing

By Marisa Wong

Morgantown, W.Va., Aug. 1 – Axalta Coating Systems Ltd. expects to enter into an amendment to its credit agreement in order to extend the maturity of its revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

The anticipated amendment would also decrease the interest rate on the revolver and amend the facility’s financial covenant.

Axalta is a Philadelphia-based supplier of vehicle and industrial coating systems.

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