Ecovyst Successfully Amends and Extends Term Loan Facility [Yahoo! Finance]
Ecovyst Inc. (ECVT)
Company Research
Source: Yahoo! Finance
of advanced materials, specialty catalysts and services, today announced that it has successfully amended and extended its existing senior secured term loan facility (the "Amended Term Loan Facility") in an aggregate principal amount of $873 million at a lower interest rate margin and with an extended maturity. The Amended Term Loan Facility will have interest at a floating rate of SOFR (with a zero percent minimum SOFR floor) plus 2.25 percent per annum (a reduction from the prior maximum interest rate of SOFR plus 2.75 percent) and will mature in June of 2031. The Amended Term Loan Facility also eliminates the Credit Spread Adjustment (CSA) of 10 basis points. "We are very pleased with the favorable outcome of the refinancing to extend our Term Facility by three years at a lower cost. The market continues to reward Ecovyst with attractive borrowing rates due to the strong operating results and cash flow generation of our portfolio," commented Mike Feehan , Vice President and Chief
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ECVT
News
- Ecovyst Successfully Amends and Extends Term Loan FacilityPR Newswire
- What Is Ecovyst Inc.'s (NYSE:ECVT) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
- Ecovyst joint venture - Zeolyst sets up new laboratory in Pennsylvania [Seeking Alpha]Seeking Alpha
- Zeolyst International Announces Start Up of New Laboratory Pyrolysis Reactor for Advanced Recycling of Plastic Waste [Yahoo! Finance]Yahoo! Finance
- Zeolyst International Announces Start Up of New Laboratory Pyrolysis Reactor for Advanced Recycling of Plastic WastePR Newswire
ECVT
Earnings
- 5/2/24 - In-Line
ECVT
Sec Filings
- 6/21/24 - Form 11-K
- 6/12/24 - Form 8-K
- 5/31/24 - Form SD
- ECVT's page on the SEC website