Ecovyst (ECVT) completed a $100 million term loan B add-on to partly fund its pending acquisition of Calabrian from INEOS Enterprises, the company said Thursday.
The loan was issued at par and is co-terminus with Ecovyst's existing $397 million term loan B due June 2031, carrying an interest rate of SOFR plus 2.00%.
The company said the add-on is expected to close by the end of Q2 alongside the acquisition.
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