BUSINESS: Ecovyst Announces Pricing For Secondary Offering

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by Daniel Webster, dWeb.News Publisher

MALVERN, Pa.–(BUSINESS WIRE)–Ecovyst Inc. (NYSE: ECVT) (the “Company”) today announced the pricing of the previously announced underwritten public offering by certain of its stockholders (the “Selling Stockholders”) of 8,000,000 shares of its common stock at a price to the public of $9. 50 per share. The offering is expected to close on November 23, 2021, subject to customary closing conditions. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares at the public offering price less underwriting discounts and commissions.

All net proceeds from the offering will be paid to the Selling Stockholders. The Company is not selling shares.

Citigroup Securities, Deutsche Bank Securities, and Credit Suisse will be the joint book-running managers for the offering. Book-running managers for the offering include BMO Capital Markets (BMO Capital Markets), Morgan Stanley, Jefferies, KeyBanc Capital Markets, and Jefferies. C.L. King & Associates will be serving as co-managers of the offering.

An automatic shelf registration statement (including a prospectus) relating to the offering of common stock was filed with the Securities and Exchange Commission (“SEC”) on April 26, 2021 and became effective upon filing. You should carefully read the prospectus and all documents included by reference in the registration statement, as well as the supplement to the prospectus related to this offering before you make any investment. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. When available, copies of the prospectus supplement and accompanying prospectus related to the offering may also be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146) or Deutsche Bank Securities Inc., Attention: Prospectus Department, 1 Columbus Circle, New York NY, 10019, by telephone at 1-800-503-4611 or by email at prospectus.cpdg@db.com.

The press release does not constitute an offer or solicitation to sell securities. Any offer can be withdrawn or cancelled at any time without any obligation or commitment.

About Ecovyst

Ecovyst Inc. and subsidiaries is a leading integrated and innovative global provider of specialty catalysts and services. Our strategically placed network of manufacturing plants allows us to support our customers worldwide. Our products and services, which are primarily inorganic, contribute to the improvement of the environment.

We have two uniquely positioned specialty businesses: Ecoservices provides sulfuric acid recycling to the North American refining industry for the production of alkylate and provides on-purpose virgin sulfuric acid for water treatment, mining, and industrial applications; and Catalyst Technologies provides finished silica catalysts and catalyst supports necessary to produce high strength and high stiffness plastics and, through its Zeolyst joint venture, supplies zeolites used for catalysts that remove nitric oxide from diesel engine emissions as well as sulfur from fuels during the refining process.

Forward-Looking Statement

This press release includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements.” These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “expects,” “may,” “will,” “should,” “seeks,” “projects,” “approximately,” “intends,” “plans,” “estimates” or “anticipates,” or, in each case, their negatives or other variations or comparable terminology. Forward-looking statements are subject to risks and uncertainties due to their nature. They relate to future events and depend upon circumstances.

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