debt
confidence high
sentiment positive
materiality 0.60
Ecovyst amends ABL facility; maturity extended to 2030, rates lowered
Ecovyst Inc.
- Maturity extended by over three years to April 10, 2030 on Amended ABL Credit Agreement.
- Term SOFR credit spread adjustment removed, reducing interest rate on revolving loans.
- European revolving commitments reallocated to US; Ecovyst UK becomes guarantor only.
- US revolving commitments increased by $10 million via incremental facility.
- Borrowing base reporting, field exams and appraisals frequency reduced.