Innospec Inc. Enters New Credit Agreement
Ticker: IOSP · Form: 8-K · Filed: May 21, 2024 · CIK: 1054905
Sentiment: neutral
Topics: debt, financing, credit-agreement
TL;DR
Innospec just signed a new credit deal, likely impacting their debt structure.
AI Summary
On May 16, 2024, Innospec Inc. entered into a material definitive agreement, specifically a credit agreement. This agreement creates a direct financial obligation for the registrant, indicating a new or modified debt arrangement. The filing details the terms and conditions of this financial commitment.
Why It Matters
This filing indicates Innospec Inc. has secured new or modified financing, which could impact its operational flexibility and financial leverage.
Risk Assessment
Risk Level: medium — Entering into new credit agreements can introduce financial obligations and alter a company's debt profile, requiring careful monitoring.
Key Players & Entities
- Innospec Inc. (company) — Registrant
- May 16, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 8310 South Valley Highway Suite 350 Englewood , Colorado , 80112 (address) — Principal executive offices
FAQ
What type of material definitive agreement did Innospec Inc. enter into?
Innospec Inc. entered into a credit agreement.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported was on May 16, 2024.
What is the state of incorporation for Innospec Inc.?
Innospec Inc. is incorporated in Delaware.
What is the principal executive office address for Innospec Inc.?
The principal executive office address is 8310 South Valley Highway Suite 350 Englewood, Colorado, 80112.
Does this filing involve the creation of a direct financial obligation for the registrant?
Yes, the filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant.
Filing Stats: 610 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-05-21 06:07:31
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share IOSP NASDAQ Indicate by
- $250,000,000 m — nders (the "Agreement") providing for a $250,000,000 multicurrency revolving loan facility ava
Filing Documents
- d820448d8k.htm (8-K) — 26KB
- d820448dex101.htm (EX-10.1) — 6KB
- g820448g01k01.jpg (GRAPHIC) — 24KB
- g820448g02k02.jpg (GRAPHIC) — 15KB
- g820448g03k03.jpg (GRAPHIC) — 10KB
- 0001193125-24-143279.txt ( ) — 217KB
- iosp-20240516.xsd (EX-101.SCH) — 3KB
- iosp-20240516_lab.xml (EX-101.LAB) — 17KB
- iosp-20240516_pre.xml (EX-101.PRE) — 11KB
- d820448d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits. EXHIBIT INDEX Number Description Method of Filing 10.1 Extension Request for Multicurrency Revolving Facility Agreement and Confirmation Filed Herewith 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INNOSPEC INC. By: /s/ David B. Jones David B. Jones SVP, General Counsel and CCO Date: May 21, 2024 3