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Element Solutions Amends Credit Facility to Fund Micromax Acquisition

Story Highlights
  • On February 2, 2026, Element Solutions added $450 million in new term loans and upsized its revolving credit facility to $500 million, extending its maturity to 2031.
  • The company used the new term loans and cash to close its roughly $500 million Micromax acquisition and swapped $350 million into fixed-rate euro debt through 2029, optimizing funding and liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Element Solutions Amends Credit Facility to Fund Micromax Acquisition

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Element Solutions ( (ESI) ) has shared an update.

On February 2, 2026, Element Solutions Inc and its subsidiary MacDermid, Incorporated, amended their existing credit agreement to add $450 million of new U.S. dollar term loans fungible with the company’s existing term loan B and to replace and upsize their revolving credit facility from $375 million to $500 million while extending its maturity to February 2, 2031. The new term loans, which carry the same 2030 maturity and pricing terms as the existing tranche and are guaranteed and secured on the same collateral package, were used together with cash on hand to finance the approximately $500 million acquisition of Micromax, which closed on the same date; in parallel, the company entered into interest rate and cross-currency swaps to convert $350 million of the new term debt into fixed-rate euro-denominated obligations through 2029, refining its capital structure and providing additional liquidity to support its growing electronics-focused portfolio.

The most recent analyst rating on (ESI) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on Element Solutions stock, see the ESI Stock Forecast page.

Spark’s Take on ESI Stock

According to Spark, TipRanks’ AI Analyst, ESI is a Neutral.

Element Solutions’ overall stock score reflects strong financial performance and a positive earnings call, indicating robust growth prospects and strategic initiatives. However, technical indicators suggest bearish momentum, and valuation metrics indicate moderate overvaluation, which tempers the overall score.

To see Spark’s full report on ESI stock, click here.

More about Element Solutions

Element Solutions Inc is a leading global specialty chemicals technology company whose businesses supply multi-step, innovative chemical solutions that enhance the performance of everyday products. Its technologies support customers’ manufacturing processes across key end markets including consumer and power electronics, semiconductor fabrication, communications and data storage infrastructure, automotive systems, industrial surface finishing and offshore energy.

Average Trading Volume: 2,273,658

Technical Sentiment Signal: Buy

Current Market Cap: $7.04B

Find detailed analytics on ESI stock on TipRanks’ Stock Analysis page.

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