Business
Ecovyst Announces Term Loan Amendment and Increase
Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading provider of virgin sulfuric acid and regenerated sulfuric acid products and services, today announced that it intends to issue a $100 million fungible Term Loan B add-on to finance its pending acquisition of the Calabrian sulfur dioxide and related sulfur derivatives business from INEOS Enterprises, which is targeted to close by the end of the second quarter 2026, along with cash on the balance sheet. The add-on is expected to be
About this update from Ecovyst Inc.
[{"type":"text","content":"WAYNE, Pa., May 11, 2026 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading provider of virgin sulfuric acid and regenerated sulfuric acid products and services, today announced that it intends to issue a $100 million fungible Term Loan B add-on to finance its pending acquisition of the Calabrian sulfur dioxide and related sulfur derivatives business from INEOS Enterprises, which is targeted to close by the end of the second quarter 2026, along with cash on the balance sheet. The add-on is expected to be co-terminus with the Company's existing $397 million Term Loan B due June 2031.","length":644,"tagName":"p"},{"type":"image","alt":"Ecovyst Logo (PRNewsfoto/Ecovyst Inc.)","displaySize":"","headline":null,"caption":"Ecovyst Logo (PRNewsfoto/Ecovyst Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":113,"url":"https://media.zenfs.com/en/prnewswire.com/2e2d0ab474478db145a0e5e48bd24027"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/j2ZL2ZEThs11NnhrhbBrjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5OQ--/https://media.zenfs.com/en/prnewswire.com/2e2d0ab474478db145a0e5e48bd24027","width":400,"height":113},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/PWYdCNDNiScc.BgSW7vwsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTE4MQ--/https://media.zenfs.com/en/prnewswire.com/2e2d0ab474478db145a0e5e48bd24027","width":400,"height":113}},"href":"https://mma.prnewswire.com/media/2243202/Ecovyst_hi_res_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We believe this amendment to our Term Loan Facility, along with cash on hand, will provide the optimal financing structure for the Calabrian acquisition, expected to close at the end of the second quarter," commented Mike Feehan, Ecovyst's Chief Financial Officer. "We expect our combined net debt leverage ratio would be approximately 2x at close of the transaction."","length":393,"tagName":"p"},{"type":"text","content":"About Ecovyst","length":13,"tagName":"p"},{"type":"text","content":"Ecovyst Inc. and subsidiaries is a leading provider of virgin sulfuric acid and regenerated sulfuric acid products and services. We believe that our products and services contribute to improving the sustainability of the environment.","length":233,"tagName":"p"},{"type":"text",...