Eco Material, the US largest marketer and distributor of fly ash, other pozzolans and synthetic gypsum, announced the successful closing of a US $800m loan credit facility.
This green term loan matures in February 2032 and provides Eco Material with enhanced financial flexibility and support for its strategy, expanding the company’s business to 20 Mta of SCMs production and recycling (photo: Texas facility). About US $ 665m of the loan are to redeem the company’s existing 7.875% senior secured green notes due 2027, while the remainder will be used for working capital needs and other business purposes.
