newsfilter
← Latest News
PR Newswire·

Ecovyst Completes Sale of Advanced Materials & Catalysts Segment to Technip Energies

ECVT
  • Ecovyst Inc. completed the sale of its Advanced Materials & Catalysts segment to Technip Energies on January 2, 2026.
  • The transaction is expected to generate approximately $530 million in net proceeds after taxes & transaction expenses.
  • Ecovyst utilized $465 million of the proceeds to pay down its Term Loan, leaving $65 million as excess cash.
  • Following the debt paydown, Ecovyst anticipates a Net Debt Leverage Ratio below 1.5x, specifically projecting 1.3x based on Adjusted EBITDA guidance.
  • Net proceeds will be used to reduce leverage, enhance financial flexibility, & support capital return strategies including stock repurchases.
  • Technip Energies aims to integrate the acquired segment with its process technologies to improve customer efficiency & emissions performance.
  • Lazard Frères & Co. LLC served as financial advisor to Ecovyst, while Evercore served as financial advisor to Technip Energies.