Balchem Completes Debt Refinancing with Five Year Senior Secured Credit Facility

Jun 27, 2018

NEW HAMPTON, N.Y., June 27, 2018 (GLOBE NEWSWIRE) -- Balchem Corporation (NASDAQ:BCPC) announced that the Company has entered into a new credit agreement with its lenders in the form of a senior secured revolving credit facility, due 2023. The new revolving credit agreement allows for up to $500 million of borrowing. The Company has used initial proceeds from the new credit agreement to repay the outstanding balance of $211 million on its senior secured term loan A, due May 2019.

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