Element Solutions refinances $1.04B term loans, cuts rate 25 bps, pays down $100M

Element Solutions Inc

New tranche B-3 term loans of $1,041,375,000 at Term SOFR+1.75%, reducing rate 25 bps vs prior tranche.
Company paid down $100 million of existing tranche B-2 loans, lowering total borrowings under Credit Agreement.
Maturity date remains December 18, 2030; cross-currency and interest rate swaps continue to apply.
Net hedges result in fixed interest rate of approximately 3.2% through January 2025.

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