ChampionX Corp.


Announced that it refinanced its existing credit facilities with a restated senior secured credit facility, amending and restating its 2018 senior secured credit facility. Restated agreement provides a $625 million seven-year term loan B and a $700 million five-year revolving credit facility. Proceeds will be used to repay outstanding amounts under its 2018 senior secured credit facility and repay and terminate its 2020 term loan facility, and to redeem all outstanding 6.375% senior notes due 2026. Proceeds from future draws of the revolving credit facility will be used for working capital and other general corporate purposes.

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