Ecovyst Successfully Amends and Extends Term Loan Facility

Core Viewpoint - Ecovyst Inc. has successfully amended and extended its senior secured term loan facility, resulting in a lower interest rate and an extended maturity, which is expected to enhance financial flexibility and reduce cash interest expenses [1][4][7]. Financial Summary - The Amended Term Loan Facility totals $873 million with a floating interest rate of SOFR plus 2.25%, down from SOFR plus 2.75%, and matures in June 2031 [1]. - The refinancing is anticipated to reduce cash interest expenses by approximately $3 million annually [4]. Business Overview - Ecovyst Inc. is a global provider of advanced materials, specialty catalysts, and services, focusing on sustainability through its product offerings [2]. - The company operates two main business segments: Ecoservices, which provides sulfuric acid recycling and chemical waste handling, and Advanced Materials & Catalysts, which supplies silica catalysts and specialty zeolites for sustainable applications [8].