Kraton Polymers LLC, through its subsidiaries, manufactures and sells styrenic block copolymers (SBCs) worldwide. It manufactures various commercial grades of SBCs, which are engineered synthetic elastomers based upon polymer chemistry and process technologies, including unhydrogenated SBCs; hydrogenated SBCs; isoprene rubber, a non-SBC product for the production of medical products, adhesives, tackifiers, paints, coatings, and photo-resistors; isoprene rubber latex, a substitute for natural rubber latex; and compounds that are used primarily in soft-touch grips, sporting equipment, automotive components, and personal care products. The company’s products are used in advanced materials, adhe...
15710 John F. Kennedy Boulevard
Houston, TX 77032
Founded in 2000
Kraton Polymers U.S. LLC, Kraton Polymers Nederland B.V., Kraton Performance Polymers Inc., KRATON Polymers LLC, Elastomers Holdings LLC and Kraton Polymers Capital Corporation Enters into Loan, Security and Guarantee Agreement and Related Pledge Agreement with Bank of America, N.A
Apr 1 13
On March 27, 2013, Kraton Polymers U.S. LLC, along with, Kraton Polymers Nederland B.V., Kraton Performance Polymers Inc., KRATON Polymers LLC, Elastomers Holdings LLC and KRATON Polymers Capital Corporation entered into a loan, security and guarantee agreement and related pledge agreement with certain lenders and Bank of America, N.A. to establish a new asset-based revolving credit facility consisting of a U.S. senior secured revolving credit facility and a Dutch senior secured revolving credit facility to replace the existing senior secured credit facility established pursuant to the credit agreement dated as of February 11, 2011 as amended, among Kraton Performance Polymers Inc., as a guarantor, Kraton Polymers LLC, as borrower, the other guarantors named therein, the lenders named therein and Bank of America, N.A., as administrative agent. The Loan Agreement provides for senior secured financing of up to $250 million consisting of: a $150 million U.S. senior secured revolving credit facility, of up to which $30 million may be utilized for the issuance of letters of credit, and of up to which the lesser of $15 million and 10% of the U.S. revolver commitments may be made available as short-term borrowings upon same-day notice, referred to as swingline loans, provided the amount of such swingline loans does not exceed U.S. borrowing availability at the time of funding; and a $100 million Dutch senior secured revolving credit facility, of up to which $20 million may be utilized for the issuance of letters of credit, and of up to which the lesser of $10 million and 10% of the Dutch revolver commitments may be made available as short-term borrowings upon same-day notice, referred to as swingline loans. The Borrowers may request up to an aggregate of $100 million of additional revolving facility commitments of which up to an aggregate of $40 million may be additional Dutch revolving facility commitments, subject to additional conditions described in the Loan Agreement, and provided that the U.S. revolver commitment is at least 60% of the commitments after giving effect to such increase.