secwatch.observer — SEC 8-K summary
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Issuer:     Ecovyst Inc. (ECVT)
CIK:        0001708035
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001193125-21-234929
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.02, 2.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708035/000119312521234929/0001193125-21-234929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708035/000119312521234929/d176226d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-234929

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