debt
confidence high
sentiment positive
materiality 0.60
Ecovyst refinances $873M term loan; reduces interest rate, extends maturity to 2031
Ecovyst Inc.
- Borrowed $873M in new Second Amendment Term Loans to repay existing term loans in full.
- Interest rate on SOFR loans reduced to Term SOFR +2.25% (from +2.75%); base rate now +1.25% (from +1.75%).
- Maturity date of outstanding term loans extended to June 12, 2031.