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0 0.0010198878123408 0 -0.00152983171851084 -0.00662927078021413 0.0010198878123408 -0.00203977562468124 0
Stock impact report

Ecovyst Completes $530 Million AM&C Sale to Technip Energies [Yahoo! Finance]

Ecovyst Inc. (ECVT) 
Company Research Source: Yahoo! Finance
Technip Energies ( THNPY ) for approximately $530 million in net proceeds, a move that reshapes the company's balance sheet and strategic focus. Following the closing of the transaction, Ecovyst applied $465 million of the proceeds to pay down its term loan, a step that reduced net debt leverage to below 1.5x. Chief executive Kurt J. Bitting said the reduced leverage could provide greater financial flexibility to support growth initiatives and allow for continued capital returns under the company's existing stock repurchase authorization. Warning! GuruFocus has detected 7 Warning Signs with ECVT. Is ECVT fairly valued? Test your thesis with our free DCF calculator. For Technip Energies, the acquisition expands its footprint in advanced catalysts and is expected to strengthen its TPS business, where recurring revenues could increase over time. The AM&C portfolio includes Advanced Silicas and Zeolyst International, businesses focused on specialty materials and catalyst solutions. Show less Read more
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