03:45 PM EST, 11/20/2025 (MT Newswires) -- Element Solutions ( ESI ) said Thursday that it has entered into an agreement for the pricing and syndication of a $450 million add-on to its existing senior secured term loan B due 2030.

The add-on consists of terms consistent with the existing term loan B, it added.

The company plans to use the funds to finance the Micromax acquisition, which is expected to complete in the Q1 of 2026.

Shares were down 5% in recent trading.

Price: 22.95, Change: -1.21, Percent Change: -5.01