Element Solutions Inc Reveals Pricing and Initial Syndication for Add-On to Current Term Loan B
Element Solutions Inc Financing: Element Solutions Inc has announced an agreement for 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, pending regulatory approvals.
Company Overview: Element Solutions Inc is a global specialty chemicals company that provides innovative solutions across various industries, including consumer electronics, automotive systems, and offshore energy.
Forward-Looking Statements: The press release includes forward-looking statements regarding the timing and conditions of the Micromax transaction and the funding of the add-on, emphasizing the uncertainty and potential for actual results to differ.
Investor and Media Contacts: The announcement provides contact information for investor relations and media inquiries, highlighting the company's commitment to communication with stakeholders.
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Extreme Steel Inc. Climbs to Top 20 Steel Firms Nationwide in 2025
- Industry Ranking Improvement: Extreme Steel Inc. advanced from #503 to #440 on ENR's 2025 Specialty Contractors list, securing a spot among the Top 20 steel firms nationwide, which underscores the team's dedication and craftsmanship, thereby solidifying its market position.
- Capacity Expansion through Integration: The acquisition of Superior Iron Works has enhanced ESI's fabrication capacity in the Mid-Atlantic, improving project delivery efficiency and laying a solid foundation for future projects.
- Strategic Recapitalization: ESI completed a strategic recapitalization, securing resources for investment in people, technology, equipment, and facilities, which will drive sustained growth in a competitive market.
- Workforce Development Initiatives: The company has intensified its focus on employee training and career advancement, aiming to foster a culture rooted in safety, teamwork, and pride, thereby laying the groundwork for future growth.
Ex-Dividend Alert: Element Solutions, LyondellBasell Industries, and ZIM Integrated Shipping Services
Upcoming Ex-Dividend Dates: On December 1, 2025, Element Solutions Inc (ESI), LyondellBasell Industries NV (LYB), and ZIM Integrated Shipping Services Ltd (ZIM) will trade ex-dividend, with respective dividends of $0.08, $1.37, and $0.31 scheduled for payment on December 15 and December 8, 2025.
Expected Stock Price Adjustments: Following the ex-dividend date, ESI is expected to open 0.31% lower, LYB 2.83% lower, and ZIM 1.57% lower, based on their recent stock prices.
Dividend Yield Estimates: The estimated annualized yields for the upcoming dividends are 1.24% for Element Solutions Inc, 11.32% for LyondellBasell Industries NV, and 6.29% for ZIM Integrated Shipping Services Ltd, indicating varying levels of dividend stability.
Current Trading Performance: As of the latest trading session, Element Solutions Inc shares are flat, while LyondellBasell Industries NV shares have increased by about 3%, and ZIM Integrated Shipping Services Ltd shares are up approximately 1%.
