AcquisitionsJun 30, 2026, 04:07 PM
Ecovyst Completes $190M Acquisition of INEOS Calabrian
AI Summary
Ecovyst Inc. announced the completion of its previously announced acquisition of INEOS Calabrian Holdings Corp. and INEOS Calabrian Corporation Canada, Inc. for $190 million. To finance this transaction, Ecovyst secured an additional $100 million first lien term loan. The new loan has the same terms, including interest rate, maturity, and collateral, as the company's existing Initial Term Loans.
Key Highlights
- Ecovyst completed the acquisition of INEOS Calabrian Holdings Corp. and INEOS Calabrian Corporation Canada, Inc.
- The acquisition was for a purchase price of $190 million, subject to customary adjustments.
- Ecovyst secured an additional $100 million first lien term loan to finance the acquisition.
- The Incremental Term Loan bears interest at Term SOFR + 2.00% or ABR + 1.00% per annum.
- The loan's amortization schedule, maturity date, and collateral are identical to existing Initial Term Loans.
Price Impact
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