Koppers Inc. -- Moody's assigned B1 to Koppers' new bonds; outlook revised to stable

New York, January 13, 2017 -- Moody's Investors Service, ("Moody's") affirmed Koppers Holdings Inc.'s ("Koppers") Ba3 Corporate Family Rating ("CFR") and assigned a B1 rating to Koppers, Inc.'s proposed $400 million Senior Notes due 2025. Proceeds from the new unsecured notes are expected to refinance the company's existing senior secured notes, reduce borrowings under the senior secured credit facility, and pay transaction-related fees and expenses. Moody's revised the rating outlook to stable from negative, and upgraded the Speculative Grade Liquidity Rating to SGL-2 from SGL-3.

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