Chemours increases, extends, amends receivables purchase agreement

By Wendy Van Sickle

Columbus, Ohio, March 29 – Chemours Co. AR, LLC and Chemours Co. FC, LLC entered into an amendment to its receivables purchase agreement with Toronto-Dominion Bank as administrative agent on March 23, according to an 8-K filing with the Securities and Exchange Commission.

The amendment replaces the interest rate benchmark with SOFR from Libor, extends the maturity date to March 31, 2025 from March 6, 2024, increases the facility limit to $175 million from $150 million and adds GTA Funding LLC as a conduit purchaser.

Chemours is a Wilmington, Del.-based provider of performance chemicals.

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