Company Overview of PQ Corporation
PQ Corporation manufactures and sells specialty inorganic performance chemicals and catalysts. The company provides lithium, potassium, and spray-dried silicates; magnesium sulfate, silicas, sodium metasilicates, sodium silicate liquids and solids, zeolites, and potassium silicate liquids; advanced silica gel products for catalyst and anti-blocking applications; and zeolite products for catalyst and adsorbent applications. It serves various markets, such as adhesives, agriculture and animal feed, asphalt pavement, binders, brewing, building materials and construction, cement concrete and refractories, detergents, drilling fluids, electronic industry, foundry binders, geotechnical and groutin...
300 Lindenwood Drive
Valleybrooke Corporate Center
Malvern, PA 19355-1740
Founded in 1831
Key Executives for PQ Corporation
Chief Executive Officer and President
Vice President and President of Potters Division
Vice President and President of Performance Chemicals - Europe, South Africa & Asia
Compensation as of Fiscal Year 2017.
PQ Corporation Key Developments
PQ Corporation to Supply Commercial Quantities of Velocys plc's Proprietary Catalyst for Multiple Biorefineries
Jun 19 18
Velocys plc announced that it has partnered with PQ Corporation (PQ) for the supply of commercial quantities of Velocys' proprietary catalyst to be used in multiple biorefineries incorporating its technology. Catalyst produced by PQ has already been used to successfully produce renewable transportation fuel and other products at ENVIA. In addition, PQ will manufacture the catalyst to be used by Velocys' licensees as well as by the biorefinery projects that the company is developing with its industry partners, including its US biorefinery that will convert waste woody biomass into 20 million gallons per year of low-carbon transportation fuels and its plant in the UK that will convert waste into sustainable jet fuel.
PQ Corporation Refinances its Existing Senior Secured Term Loan Facility with a New $1.267 Billion Senior Secured Term Loan Facility
Feb 9 18
On February 8, 2018 PQ Corporation refinanced its existing senior secured term loan facility with a new $1.267 billion senior secured term loan facility by entering into a third amendment agreement, which amended and restated the Term Loan Credit Agreement dated as of May 4, 2016, among the Borrower, CPQ Midco I Corporation, the guarantors identified therein, Citibank, N.A., as an additional term lender, Credit Suisse AG, Cayman Island Branch, as administrative agent and collateral agent, and the lenders and the other parties party thereto from time to time. The New Term Loan Facility bears interest at a floating rate of LIBOR (with a 0% minimum LIBOR floor) plus 2.50% per annum and matures in February 2025, effectively lowering the interest rate margin and extending the maturity of its senior secured term loan facility. The New Term Loan Facility requires scheduled quarterly amortization payments, each equal to 0.25% of the original principal amount of the loans under the New Term Loan Facility. Voluntary prepayments of the New Term Loan Facility in connection with a Repricing Transaction, as defined in the New Credit Agreement, on or prior to six months after the Closing Date will be subject to a call premium of 1.0%. Otherwise, outstanding loans under the New Term Loan Facility may be voluntarily prepaid at any time without premium or penalty. In addition, the New Credit Agreement contains customary mandatory prepayments, affirmative and negative covenants and events of default, all of which are substantially the same as under the Existing Credit Agreement.
PQ Corporation Announces Pricing of Term Loan Facility
Jan 19 18
PQ Corporation announced that its indirect, wholly owned subsidiary has successfully secured commitments to refinance its existing senior secured term loan facility with a new, pre-payable senior secured term loan facility in an aggregate principal amount of $1.267 billion at a lower interest rate margin and with an extended maturity. The New Term Facility is expected to bear interest at a floating rate of LIBOR plus 2.50% per annum, and is expected to mature in February 2025. The Company intends to use the net proceeds of the New Term Loan Facility to repay the existing senior secured term loan facility, which consists of a U.S. dollar-denominated tranche with $916.2 million principal outstanding bearing an interest rate of LIBOR plus 3.25% per annum and a Euro-denominated tranche with €279.8 million principal outstanding bearing an interest rate of EURIBOR plus 3.25% per annum.
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