Mergers & Acquisitions ·
Ecovyst completes $190M acquisition of INEOS Calabrian, secures $100M term loan to finance deal
ECVTEcovyst Inc.
Ecovyst Inc. completed the acquisition of INEOS Calabrian Holdings Corp. and INEOS Calabrian Corporation Canada, Inc. for a purchase price of $190 million. To finance this transaction, the company's subsidiaries entered into a Fourth Amendment Agreement to secure an additional $100.0 million first lien term loan with a variable interest rate of either Term SOFR plus 2.00% per annum or ABR plus 1.00% per annum. Ecovyst Inc. operates in the specialty chemicals industry.