Orion Engineered Carbons enters into sustainability term loan | Business and finance

HOUSTON – (BUSINESS WIRE) – October 5, 2021–

Orion Engineered Carbons (NYSE: OEC), a leading global supplier of specialty, high-performance carbon black, today announced the successful issuance of a 7-year sustainability B-term loan from an amount of $ 650 million, in euros and US dollars. With this transaction, Orion replaced its existing B term loan which was due to mature in July 2024 and whose maturities are set at September 2028. The transaction is neutral in terms of leverage, which translates into an effect. total net leverage of about 2.4 times, after issuance.

“We are a performance-driven organization committed to creating long-term growth and being a responsible global corporate citizen. Our value creation strategy is based on growing economic benefits while advancing our ESG objectives, ”said Corning Painter, CEO of Orion.

Mr Painter added: “With this in mind, we are delighted to expand our commitment to responsible growth by securing this sustainability-linked loan, clearly aligning the commitments we have made to our stakeholders with the costs. financing of the company. I am particularly proud that the loan has been accepted by the investment community in the European and American markets, reflecting confidence in our financial strength, future business performance and long-term strategy. “

Goldman Sachs Bank USA was the sole refinancing bookrunner and the sole ESG structuring advisor.

About Orion Engineered Carbons

Orion Engineered Carbons (NYSE: OEC) is a global supplier of carbon black products, including specialty high performance furnace black, gas black, carbon black, thermal black, acetylene black and other carbon blacks which tint, color and improve the performance of polymers. , plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires and mechanical rubber products. The company has over 125 years of history providing custom solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and reliability. durability. For more information, please visit orioncarbons.com.

Forward-looking statements

This document contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties which could cause actual results, performance or events to differ materially from those expressed or implied in such statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the statement in question. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may. cause actual results to differ materially from those contained in any forward-looking statement. We assume no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

+1 281-974-0155 William Foreman



SOURCE: Orion Engineered Carbons SA

Copyright Business Wire 2021.

PUB: 05/10/2021 4:30 PM / DISC: 05/10/2021 4:32 PM

Copyright Business Wire 2021.

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