Solstice Advanced Materials Inc. has amended its existing credit agreement to allow for $4.685 billion in bridge financing. The financing is intended to support the company's previously announced merger with Element Solutions Inc. and related transactions.
Key Details
- Agreement Date: The amendment was entered into on July 24, 2026, modifying the credit agreement originally dated October 29, 2025, with JPMorgan Chase Bank, N.A. as administrative agent.
- Bridge Financing: The amendment permits the provision of a $4.685 billion senior secured 364-day bridge facility, referred to as the "Eclipse Bridge Facility."
- Use of Proceeds: The financing is intended to fund the acquisition of Element Solutions Inc., which was agreed to on July 6, 2026, as well as to refinance certain of Element's existing debt and cover transaction-related fees.