Element Solutions (US:ESI) Businesswire·2025-11-20 20:32Core Viewpoint - Element Solutions Inc has announced a $450 million add-on to its existing senior secured term loan B, which is intended to finance the acquisition of Micromax, expected to close in Q1 2026, subject to regulatory approvals and customary conditions [1][2]. Financing Details - The add-on loan is priced and syndicated, with terms consistent with the existing term loan B tranche [1]. - The funds from the add-on, along with cash on hand, will be utilized for the Micromax acquisition [2]. Company Overview - Element Solutions Inc is a global specialty chemicals company that provides a wide range of solutions enhancing product performance across various industries, including consumer electronics, automotive systems, and offshore energy [3].