Ecovyst Successfully Amends and Extends Term Loan Facility

MALVERN, Pa., June 12, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today announced that it has successfully amended and extended its existing senior secured term loan facility (the "Amended Term Loan Facility") in an aggregate principal amount of $873 million at a lower interest rate margin and with an extended maturity. The Amended Term Loan Facility will have interest at a floating rate of SOFR (with a zero percent minimum SOFR floor) plus 2.25 percent per annum (a reduction from the prior maximum interest rate of SOFR plus 2.75 percent) and will mature in June of 2031. The Amended Term Loan Facility also eliminates the Credit Spread Adjustment (CSA) of 10 basis points.