ECVT:
Ecovyst completes $100 mln Term Loan B add-on to help fund Calabrian acquisition
(14.97)
Ecovyst completed syndication of a $100 mln fungible Term Loan B add-on.
Co said proceeds will be used to finance a portion of its pending acquisition of the Calabrian sulfur dioxide and sulfur derivatives business from INEOS Enterprises.
The add-on was issued at par and is co-terminus with Ecovyst's existing $397 mln Term Loan B due June 2031.
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