Ecovyst Inc. (ECVT): debt financing — Ecovyst amends credit agreement to reduce SOFR loan rate to SOFR+2.00%, base rate to ABR+1.00%

Ecovyst Inc.

Interest rate on SOFR term loans reduced from max 2.25% to 2.00% per annum.
Interest rate on base rate term loans reduced from max 1.25% to 1.00% per annum.
Non-consenting lenders replaced by Citibank as replacement lender; Citibank to syndicate repriced loans.
Amendment effective January 30, 2025; no material default and representations true.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Ecovyst Inc. amended term loan with UBS AG, Stamford Branch at term SOFR plus 2.00% per annum for SOFR loans; alternate base rate plus 1.00% pe.

Instrument: term loan
Counterparty: UBS AG, Stamford Branch
Rate: term SOFR plus 2.00% per annum for SOFR loans; alternate base rate plus 1.00% pe
Event: amendment

Exact text from the filing

The Amendment amended the Existing Credit Agreement to, among other things, (a) reduce the interest rate applicable to all outstanding SOFR term loans to term SOFR plus 2.00% per annum from a maximum of adjusted term SOFR plus 2.25% per annum, and (b) reduce the interest rate applicable to all outstanding base rate term loans to the alternate base rate plus 1.00% per annum from a maximum of the alternate base rate plus 1.25% per annum.

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Source: SEC EDGAR

accession 0001193125-25-017743

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