Ecovyst, Inc. Current report filing

Current report filing

Long-term Debt (Tables)

Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2020

The summary of long-term debt is as follows:


	December 31,
	2020		2019
Senior Secured Term Loan Facility due February 2027	$	671,710	$	947,497
New Senior Secured Term Loan Facility due February 2027		459,653		—
6.75% Senior Secured Notes due 2022		—		625,000
5.75% Senior Unsecured Notes due 2025		295,000		295,000
ABL Facility		—		—

Total debt		1,426,363		1,867,497
Original issue discount		(15,641)		(13,434)
Deferred financing costs		(10,353)		(10,839)

Total debt, net of original issue discount and deferred financing costs		1,400,369		1,843,224
Less: current portion		—		—

Total long-term debt, excluding current portion	$	1,400,369	$	1,843,224

Debt Instrument Redemption

The 6.75% Senior Secured Notes were redeemable, in whole or in part, at the redemption prices (expressed as percentages of principal amount of the 6.75% Senior Secured Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but not including, the redemption date, if redeemed on or after any of the dates below until the subsequent date below:


Year		Percentage
May 15, 2020		101.688%
May 15, 2021 and thereafter		100.000%

On or after December 15, 2020, the 5.75% Senior Unsecured Notes are redeemable, in whole or in part, at the redemption prices (expressed as percentages of principal amount of the 5.75% Senior Unsecured Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but not including, the redemption date, if redeemed on or after any of the dates below until the subsequent date below:


Year		Percentage
December 15, 2020		102.875%
December 15, 2021		101.438%
December 15, 2022 and thereafter		100.000%

Schedule Of Maturities Of Long Term Debt

The aggregate long-term debt maturities are:


Year	Amount
2021	$	—
2022		—
2023		—
2024		—
2025		295,000
Thereafter		1,131,363

	$	1,426,363

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details