---
schema_version: "secwatch.filing_event.v1"
accession: "0001590714-21-000084"
form_type: "8-K"
ticker: "ESI"
cik: "0001590714"
company_name: "Element Solutions Inc"
filed_at: "2021-09-01T23:59:59+00:00"
generated_at: "2026-06-29T06:28:36.152257+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Element Solutions adds $400M term loan to fund Coventya acquisition; swaps to euro

## Summary
- Borrowed $400M new USD term loans under existing $750M tranche B; total credit facilities now $1.48B.
- Proceeds used to finance portion of Coventya acquisition (~€420M), which closed on Sept 1, 2021.
- New USD term loans bear interest at LIBOR +2.00%; mature Jan 31, 2026.
- Entered swap agreements converting $400M USD debt into €340M fixed-rate euro debt, maturing Jan 31, 2025.
- Credit agreement covenants restrict dividends, additional debt, and other activities.

## SEC filing metadata
- accession: 0001590714-21-000084
- form_type: 8-K
- ticker: ESI
- cik: 0001590714
- company_name: Element Solutions Inc
- filed_at: 2021-09-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590714/000159071421000084/0001590714-21-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590714/000159071421000084/esi-20210901.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590714-21-000084
- JSON: https://secwatch.observer/filing/0001590714-21-000084.json
- Plain text: https://secwatch.observer/filing/0001590714-21-000084.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.