Ecovyst Completes Sale of Advanced Materials and Catalysts Segment to Technip Energies
Ecovyst announced that the company has completed the sale of its advanced materials and catalysts segment to Technip Energies. The company expects net proceeds after taxes and transaction expenses to be approximately $530M, resulting in a net debt leverage ratio below 1.5x. As part of the closing, the company used $465M of the net proceeds to pay down its term loan.
