Ecovyst Completes $100M Term Loan B Add-On at SOFR+2.00% for Q2 Acquisition
ECVT•Ecovyst has secured a $100 million add-on to its $397 million Term Loan B at SOFR plus 2.00%, aligning its June 2031 maturity. The financing will fund part of its pending acquisition of INEOS’s Calabrian sulfur dioxide and derivatives business, expected to close by end of Q2 2026.
1. Term Loan B Amendment and Add-On
Ecovyst has completed syndication of a $100 million add-on to its existing $397 million Term Loan B, issued at par and carrying a floating rate of SOFR plus 2.00% per annum. The add-on is co-terminus with the loan’s June 2031 maturity date.
2. Acquisition Financing and Timeline
The proceeds from the add-on will partially fund Ecovyst’s pending acquisition of INEOS’s Calabrian sulfur dioxide and sulfur derivatives business. Both the term loan amendment and the acquisition are expected to finalize by the end of the second quarter of 2026.
