Ecovyst Completes Term Loan Amendment and Increase
Ecovyst completed the syndication of a $100 million Term Loan B add-on to finance part of its pending acquisition of INEOS Enterprises' Calabrian sulfur dioxide business. The new debt was issued at par, carries a floating rate of SOFR plus 2.00%, and is co-terminus with the company's existing $397 million Term Loan B due in June 2031.
Key figures
- Deal Value Usd
- 100000000
- Maturity date
- June 2031
- Existing term loan b
- 397000000
- Interest rate spread
- 2.00%
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