Stepan Company has entered into amendments for two note purchase agreements. These amendments have increased the available facility amounts for both agreements and extended the issuance period until August 27, 2027. Specifically, the facility amounts were increased to $175 million for the NYL NPA and $225 million for the Prudential NPA. No cybersecurity breaches were mentioned in the summary.
Proper names: - Stepan Company - NYL NPA (Note Purchase and Master Note Agreement) - Prudential NPA (Note Purchase and Private Shelf Agreement) - PGIM, Inc. - NYL Investors LLC - David G. Kabbes