Ecovyst completes $100M Term Loan B add-on for INEOS Calabrian acquisition
- Completed syndication of a $100 million fungible Term Loan B add-on.
- Add‑on was issued at par and is co‑terminus with an existing $397 million Term Loan B due June 2031.
- The loan carries a floating rate of SOFR plus 2.00% per annum.
- Proceeds will partially finance Ecovyst’s pending acquisition of INEOS Enterprises’ Calabrian sulfur dioxide and sulfur derivatives business, expected to close by end of Q2 2026.
Financing
Ecovyst completed syndication of a $100 million fungible Term Loan B add‑on. The add‑on was issued at par and is co‑terminus with the company’s existing $397 million Term Loan B, which is due June 2031; the facility bears a floating rate of SOFR plus 2.00% per annum.
Use of proceeds and timing
The company intends to use a portion of the add‑on to finance its pending acquisition of the Calabrian sulfur dioxide and sulfur derivatives business from INEOS Enterprises. Both the add‑on and the acquisition are anticipated to close by the end of the second quarter of 2026.
Forward‑looking considerations
The release notes that the financing and acquisition remain subject to customary closing conditions and warns that outcomes may differ due to potential termination events, unexpected costs or delays, legal proceedings, integration risks and broader market, regulatory or economic factors.
Source: Ecovyst