Ecovyst completes $1.1B sale of Performance Chemicals, redeems $295M notes, changes name

Ecovyst Inc.

Sale of Performance Chemicals to Sparta Aggregator L.P. closed for $1.1B in cash, effective Aug 1, 2021.
Redeemed $295M of 5.75% Senior Notes due 2025 at 102.875% of principal plus accrued interest.
Repaid approximately $231.3M term loan under Amended and Restated Term Loan Credit Agreement.
Company renamed Ecovyst Inc.; common stock begins trading under ticker ECVT on Aug 3, 2021.
Albert Beninati Jr. ceased as President, Performance Chemicals; unvested equity awards modified.

item 1.02 item 2.01 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

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Departed

Albert Beninati Jr.

President, Performance Chemicals

ECVT · Ecovyst Inc.

Effective: 2021-08-01
Filed: August 3, 2021, 7:59 PM ET

At the closing of the Transaction discussed in Item 2.01 above, Albert Beninati Jr., President, Performance Chemicals ceased to be an officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Albert Beninati Jr. departed as President, Performance Chemicals at Ecovyst Inc..

Action: ceased to be an officer
Role: President, Performance Chemicals

Exact text from the filing

At the closing of the Transaction discussed in Item 2.01 above, Albert Beninati Jr., President, Performance Chemicals ceased to be an officer of the Company.

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Ecovyst Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-234929

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