Quaker Chemical Corporation Announces New $100 Million Credit Facility

21-Oct-2005

Quaker Chemical Corporation announced that it has entered into a $100 million, five-year, unsecured syndicated multicurrency revolving credit facility.

The new facility currently allows for revolving credit borrowings in a principal amount of up to $100 million, which can be increased to $125 million should additional financing be required in the future. The syndicate that includes five banks was arranged by Bank of America, N.A.

The Company plans to utilize the facility to consolidate existing short- term loans as well as for other general corporate purposes.

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