Element Solutions Inc Secures $450 Million Add-On to Term Loan B for Micromax Acquisition

Reuters

11/21

<a href="https://laohu8.com/S/ESI">Element Solutions</a> Inc Secures $450 Million Add-On to Term Loan B for Micromax Acquisition

Element Solutions Inc. has reached an agreement in principle for the pricing and preliminary syndication of a $450 million add-on to its existing senior secured term loan B due 2030. The terms of this add-on are consistent with the current term loan B tranche. The completion of the financing is subject to closing conditions, including the execution of definitive documentation. Element Solutions plans to use the proceeds from the add-on, along with cash on hand, to finance its pending acquisition of Micromax, which is expected to close in the first quarter of 2026, pending regulatory and customary approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Element Solutions Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251120128548) on November 20, 2025, and is solely responsible for the information contained therein.

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ID: 20251120128548) on November 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ESI","symbol_name":"Element Solutions","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251120:nNDL10SF40:1","article_id":"2585115209","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2585115209","pubTimestamp":1763670762,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Element Solutions Inc. has reached an agreement in principle for the pricing and preliminary syndication of a $450 million add-on to its existing senior secured term loan B due 2030. The terms of this add-on are consistent with the current term loan B tranche. The completion of the financing is subject to closing conditions, including the execution of definitive documentation. Element Solutions plans to use the proceeds from the add-on, along with cash on hand, to finance its pending acquisition of Micromax, which is expected to close in the first quarter of 2026, pending regulatory and customary approvals.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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