PQG - Dividend announcements

PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts and services, announced today that its indirect, wholly owned subsidiary, PQ Corporation (the "Company"), has successfully priced and allocated a new senior secured term loan facility (the "2021 Term Loan Facility") in an aggregate principal amount of $900 million. Proceeds from the 2021 Term Loan Facility, together with cash on hand, will be used to repay (1) all of the Company's obligations under its New Term Loan Credit Agreement, dated as of July 22, 2020 (the "2020 Term Loan Facility") and (2) a portion of the Company's obligations under its Amended and Restated Term Loan Cred

MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, chemicals and services, today announced that Executive Vice President and Chief Financial Officer Michael Crews plans to retire in September 2021 and that he will be replaced by Michael Feehan, the Company’s current Vice President of Finance and Treasurer. “With the completed divestiture of PQ’s Performance Materials business and the recently announced agreement to sell our Performance Chemicals segment, it is a logical time for me to step back,” said Mr. Crews. “I am proud of our financial performance and numerous other accomplishments tha

MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. (NYSE:PQG) (“PQ” or the “Company”) reported results from continuing operations1 for the fourth quarter and year ended December 31, 2020. For the fourth quarter, sales of $281.5 million matched the fourth quarter of 2019, reflecting a rebound in demand. Net loss was $182.8 million with $1.35 diluted loss per share and Adjusted net income was $82.5 million with Adjusted diluted EPS of $0.61 per share. The fourth quarter and year end results included the impact of a non-cash goodwill impairment charge for Performance Chemicals of $260.0 million, or $1.92 per share, and the recognition of deferred tax assets associated with foreig

MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, chemicals and services, announced today that it has completed the sale of its Performance Materials business for a purchase price of $650 million, subject to customary closing adjustments, to an affiliate of The Jordan Company, L.P. (“TJC”), a U.S. middle-market private equity firm (www.thejordancompany.com) that was founded in 1982. “With the sale of Performance Materials at an attractive valuation, we take a significant step in reshaping the PQ portfolio toward a higher-margin, higher-growth-potential business,” said Belgacem Chariag, PQ’