PITTSBURGH--(BUSINESS WIRE)--

Calgon Carbon Corporation (NYSE: CCC) (the “Company”) today announced the closing of a new $400 million syndicated credit facility. At closing, the facility was initially used to refinance existing debt under the Company’s previous credit facility through the issuance of a seven-year $100 million term loan. The $300 million five-year revolving credit facility is expected to provide funding for the approximate $151.5 million cash purchase price of the Company’s pending acquisition of CECA’s wood-based activated carbon and filter aid business, which is expected to occur later this quarter. The new revolving credit facility will also be available for working capital requirements and general corporate purposes.

The facilities consist of a $300 million unsecured five-year revolving loan and a $100 million seven-year unsecured term loan. Both loans have certain financial and other restrictions. The credit facility was led by PNC Capital Markets LLC and Citizens Bank, N.A. as Joint Lead Arrangers and PNC Bank as Administrative Agent. The facility also includes Bank of America, N.A. and Branch Banking & Trust Company as Co-Documentation Agents. Participants include First National Bank of Pennsylvania, The Huntington National Bank, ING Bank N.V., Dublin Branch, First Commonwealth Bank, and Northwest Bank.

Bob Fortwangler, Calgon Carbon’s Senior Vice President and Chief Financial Officer, commented, “I’m pleased with the additional borrowing capacity and flexibility that our newly upsized credit facility will provide us as we prepare to close on the wood-based activated carbon and filter aid business acquisition later this quarter and continue to execute on opportunities to enhance and strengthen our global business platform.”

Pure Water. Clean Air. Better World.

Calgon Carbon Corporation is a global leader in innovative solutions, high quality products and reliable services designed to protect human health and the environment from harmful contaminants in water, and air. As a leading manufacturer of activated carbon, with broad capabilities in ultraviolet light disinfection, the Company provides purification solutions for drinking water, wastewater, pollution abatement, and a variety of industrial and commercial manufacturing processes.

Calgon Carbon is the world’s largest producer of granular activated carbon and supplies more than 100 types of activated carbon products – in granular, powdered, pelletized and cloth form – for more than 700 distinct applications. Headquartered in Pittsburgh, Pennsylvania, Calgon Carbon Corporation employs more than 1,100 people at 15 manufacturing, reactivation, and equipment fabrication facilities in the U.S., Asia, and in Europe, where Calgon Carbon is known as Chemviron Carbon. The company also has more than 27 sales and service centers throughout the world.

For more information about Calgon Carbon’s leading activated carbon and ultraviolet technology solutions for municipalities and industries, visit www.calgoncarbon.com.

This news release contains historical information and forward-looking statements. Forward-looking statements typically contain words such as “expect,” “believe,” “estimate,” “anticipate,” or similar words indicating that future outcomes are uncertain. Statements looking forward in time, including statements regarding future growth and profitability, price increases, cost savings, broader product lines, enhanced competitive posture and acquisitions, are included in the company’s most recent Annual Report pursuant to the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. They involve known and unknown risks and uncertainties that may cause the company’s actual results in future periods to be materially different from any future performance suggested herein. Further, the company operates in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the company’s control. Some of the factors that could affect future performance of the company are higher energy and raw material costs, costs of imports and related tariffs, labor relations, availability of capital and environmental requirements as they relate both to our operations and to our customers, changes in foreign currency exchange rates, borrowing restrictions, interest rates, validity of patents and other intellectual property, and pension costs. In the context of the forward-looking information provided in this news release, please refer to the discussions of risk factors and other information detailed in, as well as the other information contained in the company’s most recent Annual Report.

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