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PR Newswire·

Ecovyst Announces Term Loan Amendment and Increase

  • Ecovyst Inc. intends to issue a $100 million fungible Term Loan B add-on to finance its pending acquisition of the Calabrian sulfur dioxide & related sulfur derivatives business from INEOS Enterprises.
  • The transaction is targeted to close by the end of the second quarter 2026 & will be funded using the new loan add-on along with cash on the balance sheet.
  • The new Term Loan B add-on is expected to be co-terminus with the Company's existing $397 million Term Loan B due June 2031.
  • Ecovyst CFO Mike Feehan stated the combined net debt leverage ratio is expected to be approximately 2x at the close of the transaction.
  • Ecovyst is a leading provider of virgin & regenerated sulfuric acid products, sulfuric acid recycling for the North American refining industry, & chemical waste handling services.
  • Forward-looking statements regarding the acquisition timing, financing terms, & financial position are subject to risks including potential delays, unmet closing conditions, & integration challenges.