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<title>esi-20210901</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl80L2ZyYWc6NDgwY2MyYjQ2MmNjNGI5M2FhYzg3YjQ1NTE1NThiMDIvdGFibGU6MDA5ZWQ5NTYyYTU0NGM3Mzg0NjY3ZWFhZTRiOTAzNTQvdGFibGVyYW5nZTowMDllZDk1NjJhNTQ0YzczODQ2NjdlYWFlNGI5MDM1NF8yLTEtMS0xLTA_a2bc5f9c-f822-4b72-994f-4c69e1d985e7">0001590714</ix:nonNumeric><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" format="ixt:fixed-false" name="dei:AmendmentFlag" 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style="text-align:right"><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="margin-bottom:3pt;margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">________________________________________________________</span></div><div style="margin-bottom:3pt;margin-top:12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGV4dHJlZ2lvbjo4ZTdlMDBlNzI2NGQ0NTFmOTQyZDM1YWJlZTI0YjlkN18xMzk_83908e3c-76f2-4a02-84f8-0123c46d09e3">8-K</ix:nonNumeric> </span></div><div style="margin-bottom:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">________________________________________________________</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Section&#160;13 or 15(d) of</span></div><div style="margin-bottom:12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">the Securities Exchange Act of 1934</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Date of Report (Date of earliest event reported): </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" format="ixt:date-monthname-day-year-en" name="dei:DocumentPeriodEndDate" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGV4dHJlZ2lvbjo4ZTdlMDBlNzI2NGQ0NTFmOTQyZDM1YWJlZTI0YjlkN18zMzY_49268e03-91fa-4fda-88ee-690c516ad277">September 1, 2021</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">________________________________________________________</span></div><div style="text-align:center"><img src="esi-20210901_g1.jpg" alt="esi-20210901_g1.jpg" style="height:134px;margin-bottom:5pt;vertical-align:text-bottom;width:409px"/></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGV4dHJlZ2lvbjo4ZTdlMDBlNzI2NGQ0NTFmOTQyZDM1YWJlZTI0YjlkN18zOTk_4c317f61-20ca-4ce3-8d7a-00922cb87d0c">Element Solutions Inc</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">________________________________________________________</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Exact name of registrant as specified in its charter)</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.514%"><tr><td style="width:1.0%"></td><td style="width:21.688%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td 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id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6YzUwMmI1NzgxZDllNDRmM2FhNTY1MGRmNDI3ZGM4YTAvdGFibGVyYW5nZTpjNTAyYjU3ODFkOWU0NGYzYWE1NjUwZGY0MjdkYzhhMF8wLTQtMS0xLTA_076c6eb5-30cb-4345-bb07-6e89771f4b2e">37-1744899</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(State or other jurisdiction<br/>of incorporation)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Commission File Number)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(IRS Employer Identification No.)</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6YzUwMmI1NzgxZDllNDRmM2FhNTY1MGRmNDI3ZGM4YTAvdGFibGVyYW5nZTpjNTAyYjU3ODFkOWU0NGYzYWE1NjUwZGY0MjdkYzhhMF8zLTAtMS0xLTA_bddc6a76-9f9b-4d64-9358-969e6e8afa94">500 East Broward Boulevard,</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:EntityAddressAddressLine2" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6YzUwMmI1NzgxZDllNDRmM2FhNTY1MGRmNDI3ZGM4YTAvdGFibGVyYW5nZTpjNTAyYjU3ODFkOWU0NGYzYWE1NjUwZGY0MjdkYzhhMF8zLTItMS0xLTA_eb52315a-aae3-4ea0-92b7-e9c1d5b44039">Suite 1860</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6YzUwMmI1NzgxZDllNDRmM2FhNTY1MGRmNDI3ZGM4YTAvdGFibGVyYW5nZTpjNTAyYjU3ODFkOWU0NGYzYWE1NjUwZGY0MjdkYzhhMF8zLTQtMS0xLTA_8538697e-ba23-467d-99b2-a0a1759f63bb">33394</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6YzUwMmI1NzgxZDllNDRmM2FhNTY1MGRmNDI3ZGM4YTAvdGFibGVyYW5nZTpjNTAyYjU3ODFkOWU0NGYzYWE1NjUwZGY0MjdkYzhhMF80LTAtMS0xLTA_52bf5d55-757c-4938-84d3-386316220673">Fort Lauderdale,</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6YzUwMmI1NzgxZDllNDRmM2FhNTY1MGRmNDI3ZGM4YTAvdGFibGVyYW5nZTpjNTAyYjU3ODFkOWU0NGYzYWE1NjUwZGY0MjdkYzhhMF80LTEtMS0xLTA_4108ce2e-fffd-43ef-af97-a751cd498a27">Florida</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Zip Code)</span></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Address of principal executive offices)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Registrant's telephone number, including area code: &#160; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGV4dHJlZ2lvbjo4ZTdlMDBlNzI2NGQ0NTFmOTQyZDM1YWJlZTI0YjlkN181NzE_1384a261-7654-4013-a876-650dfff67d6e">561</ix:nonNumeric>) <ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGV4dHJlZ2lvbjo4ZTdlMDBlNzI2NGQ0NTFmOTQyZDM1YWJlZTI0YjlkN181NzU_cc0d6c44-e088-42bc-a613-e2574e64d497">207-9600</ix:nonNumeric> </span></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Not Applicable</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">________________________________________________________</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Former name or former address, if changed since last report)</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:89.530%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6MDVlZDYwNTZjNWE4NDYxYzg2NTQ4ODg0NDUwZTZiMmIvdGFibGVyYW5nZTowNWVkNjA1NmM1YTg0NjFjODY1NDg4ODQ0NTBlNmIyYl8wLTAtMS0xLTA_2810a3cf-db0f-4734-800d-e15c6e7f482a">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6MDVlZDYwNTZjNWE4NDYxYzg2NTQ4ODg0NDUwZTZiMmIvdGFibGVyYW5nZTowNWVkNjA1NmM1YTg0NjFjODY1NDg4ODQ0NTBlNmIyYl8xLTAtMS0xLTA_81d86151-19cb-4f5b-838c-eec6f46010d8">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6MDVlZDYwNTZjNWE4NDYxYzg2NTQ4ODg0NDUwZTZiMmIvdGFibGVyYW5nZTowNWVkNjA1NmM1YTg0NjFjODY1NDg4ODQ0NTBlNmIyYl8yLTAtMS0xLTA_6b941061-1ed0-4109-9816-3e1b88ba882b">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6MDVlZDYwNTZjNWE4NDYxYzg2NTQ4ODg0NDUwZTZiMmIvdGFibGVyYW5nZTowNWVkNjA1NmM1YTg0NjFjODY1NDg4ODQ0NTBlNmIyYl8zLTAtMS0xLTA_c9983875-6b06-47e2-9819-bd46cfff1fa8">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div><span><br/></span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:33.014%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.671%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.015%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading symbol(s)</span></td><td colspan="3" style="border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6NWU3MTkwYzFmYWUwNDJmNzg3OTgxZWIyODgwYjI2ODUvdGFibGVyYW5nZTo1ZTcxOTBjMWZhZTA0MmY3ODc5ODFlYjI4ODBiMjY4NV8xLTAtMS0xLTA_fb824280-fbff-4fdf-aa7f-3c7331a89066">Common Stock, par value $0.01 per share</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6NWU3MTkwYzFmYWUwNDJmNzg3OTgxZWIyODgwYjI2ODUvdGFibGVyYW5nZTo1ZTcxOTBjMWZhZTA0MmY3ODc5ODFlYjI4ODBiMjY4NV8xLTEtMS0xLTA_8e75211b-6be5-4ab1-b5f2-8de34c57f64d">ESI</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6NWU3MTkwYzFmYWUwNDJmNzg3OTgxZWIyODgwYjI2ODUvdGFibGVyYW5nZTo1ZTcxOTBjMWZhZTA0MmY3ODc5ODFlYjI4ODBiMjY4NV8xLTItMS0xLTA_6b283642-14b9-48ca-b635-682c9d0e5bda">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div style="margin-top:6pt;text-align:justify"><span><br/></span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2).</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.122%"><tr><td style="width:1.0%"></td><td style="width:29.135%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.336%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.006%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.123%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Emerging growth company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i86fbedcbe3054ada86b5d975e0962d58_D20190826-20190826" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOjMxMzQzN2U5OTdkYTRhODE4ZDJhNmIyZTcwZGJkMzk2L3NlYzozMTM0MzdlOTk3ZGE0YTgxOGQyYTZiMmU3MGRiZDM5Nl8xL2ZyYWc6OGU3ZTAwZTcyNjRkNDUxZjk0MmQzNWFiZWUyNGI5ZDcvdGFibGU6YzQxNGY5OGJkZjA0NGQwYzk4OWJiNzAyMjFhYzQ4ODkvdGFibGVyYW5nZTpjNDE0Zjk4YmRmMDQ0ZDBjOTg5YmI3MDIyMWFjNDg4OV8wLTEtMS0xLTA_45afeed2-feff-4ae7-b4ea-e6c3392825bd">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:2.25pt"><span><br/></span></div><div style="padding-left:2.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><div id="i313437e997da4a818d2a6b2e70dbd396_7"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><span><br/></span></div></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 1.01. Entry into a Material Definitive Agreement.</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Incremental Term Loans</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On September 1, 2021, Element Solutions Inc (the &#8220;Company&#8221;), MacDermid, Incorporated (&#8220;MacDermid,&#8221; and together with the Company, the &#8220;Borrowers&#8221;), certain subsidiaries of the Company party thereto, Barclays Bank PLC, as collateral agent and administrative agent (the &#8220;Agent&#8221;), and the lenders party thereto, entered into an incremental term facility (the &#8220;Incremental Amendment&#8221;) to that certain credit agreement, dated as of January 31, 2019 (as amended and/or supplemented from time to time, the &#8220;Credit Agreement&#8221;), among the Borrowers, the Agent, the lending institutions from time to time parties thereto and the other entities party thereto.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the Incremental Amendment, the Borrowers borrowed new U.S. Dollar term loans (the &#8220;New USD Term Loans&#8221;) in an aggregate principal amount of $400 million through a corresponding increase to the Company&#8217;s existing $750 million tranche B term loans (the &#8220;Existing Term Loans&#8221;) under the Credit Agreement. The proceeds of the New USD Term Loans were used to finance a portion of the purchase price of the previously-announced acquisition of Coventya Holdings SAS ("Coventya"). The Coventya acquisition closed on September 1, 2021 for a purchase price of approximately &#8364;420 million, subject to adjustments. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Credit Agreement, as amended by the Incremental Amendment, provides for senior secured credit facilities in an aggregate principal amount of $1.48 billion, consisting of a revolving credit facility in an aggregate principal amount of $330 million and term loans in an aggregate principal amount of $1.15 billion. Except as set forth in the Incremental Amendment, the New USD Term Loans have identical terms as the Existing Term Loans, including a maturity date of January 31, 2026.  Certain restricted subsidiaries of the Borrowers acting as guarantors under the Credit Agreement (the &#8220;Guarantors&#8221;) will guarantee the Borrowers&#8217; obligations under the New USD Term Loans. The New USD Term Loans will also be secured by the collateral pledged by the Borrowers and the Guarantors under that certain Pledge and Security Agreement, dated as of January 31, 2019, among the Borrowers, the Guarantors and the Agent (as amended and/or supplemented from time to time, the "Security Agreement").</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Interest Rate</span></div><div><span><br/></span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The applicable interest rate for the term loan borrowings under the Credit Agreement was not amended by the Incremental Amendment and remains at (a) a spread of 1.00% per annum for base rate loans and (b) a spread of 2.00% for eurocurrency rate loans, plus, in each case, an additional rate per annum equal to (a) for base rate loans, a base rate determined by reference to the highest of (i) the federal funds effective rate plus 0.50%, (ii) the rate of interest quoted by The Wall Street Journal as the prime rate in the United States, and (iii) an adjusted one month London Inter-bank Offered Rate (&#8220;LIBOR&#8221;), plus 1.00%; and (b) for eurocurrency rate loans, an adjusted LIBOR rate determined by reference to the cost of funds for the applicable currency for the interest period relevant to such borrowing, subject to a LIBOR rate floor of 0.0% per annum. The New USD Term Loans will bear interest at the applicable rate for eurocurrency rate loans.</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Covenants and Events of Default</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Credit Agreement also contains customary covenants including limitations on additional indebtedness, dividends and other distributions, entry into new lines of business, use of loan proceeds, capital expenditures, restricted payments, restrictions on liens, transactions with affiliates, amendments to organizational documents, accounting changes, sale and leaseback transactions and dispositions. Upon the occurrence of an event of default, payment of any outstanding amounts under the Credit Agreement may be accelerated. Borrowings under the Credit Agreement are also subject to mandatory prepayment under certain circumstances, with customary exceptions, from the proceeds of permitted dispositions of assets and from certain insurance and condemnation proceeds.</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The foregoing descriptions of the Incremental Amendment and the New USD Term Loans do not purport to be complete and are qualified in their entirety by reference to the full text of the </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="exhibit101-amendmentno3toc.htm">Incremental Amendment</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The foregoing descriptions of the Credit Agreement and the Security Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm">Credit Agreement</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, as amended by </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/0001590714/000159071419000160/esi-amendmentno1tocred.htm">Amen</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/0001590714/000159071419000160/esi-amendmentno1tocred.htm">dment </a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/0001590714/000159071419000160/esi-amendmentno1tocred.htm">No.</a><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/0001590714/000159071419000160/esi-amendmentno1tocred.htm">1</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, and the </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/0001590714/000114420419005055/tv511849_ex10-2.htm">Security Agreement</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, which are attached hereto as Exhibits 10.2, 10.3 and 10.4, respectively, and incorporated herein by reference.</span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Swap Transactions</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In anticipation of the close of the Incremental Amendment, on August 6, 2021, the Company had entered into swap transactions (the "Swaps") with certain banks included in the syndicate of the New USD Term Loans (the "Hedge Counterparties"). The Swaps, which replaced the forward starting swaps entered into by the Company on June 29, 2021, are governed by ISDA Master Agreements with each of the Hedge Counterparties and enable the Company to effectively convert the New USD Term Loans, a U.S. dollar denominated debt obligation, into fixed-rate euro-denominated debt. Under the Swap agreements, the Company is required to make periodic euro-denominated coupon payments to the Hedge Counterparties on an aggregate initial notional amount of approximately &#8364;340 million in exchange for periodic U.S. dollar-denominated coupon payments from the Hedge Counterparties on an aggregate initial notional amount of $400 million. Each Swap matures on January 31, 2025.</span></div><div style="margin-top:3pt"><span><br/></span></div><div id="i313437e997da4a818d2a6b2e70dbd396_103"></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 2.03. Creation of a Direct Financial Obligation.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The information set forth under Item 1.01 regarding the Incremental Amendment and the Swaps is incorporated by reference herein.</span></div><div><span><br/></span></div><div id="i313437e997da4a818d2a6b2e70dbd396_95"></div><div style="-sec-extract:summary;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 9.01. Financial Statements and Exhibits.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(d) Exhibits.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:3pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following exhibits are filed or furnished herewith:</span></div><div style="margin-bottom:3pt;margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:12.429%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.535%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:84.636%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit Number</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Description</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.1</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit101-amendmentno3toc.htm">Amendment No.3 to Credit Agreement, dated September 1, 2021</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, among, inter alios, the Company, MacDermid, the subsidiaries of the Company from time to time parties thereto, the lenders from time to time parties thereto, and Barclays Bank PLC, as administrative and collateral agent</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/1590714/000114420419005055/tv511849_ex10-1.htm">Credit Agreement, dated as of January 31, 2019, by and among, inter alia, the Company, MacDermid, the subsidiaries of the borrowers from time to time parties thereto, the lenders from time to time parties thereto, CS, as syndication agent, and Barclays Bank PLC, as administrative agent and collateral agent</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> (filed as Exhibit 10.1 of the Company's Current Report on Form 8-K filed on February 5, 2019, and incorporated herein by reference)</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/0001590714/000159071419000160/esi-amendmentno1tocred.htm">Amendment No.1, dated November 26, 2019, among, inter alios, the Company, MacDermid, the subsidiaries of the Company from time to time parties thereto, the lenders from time to time parties thereto, and Barclays Bank PLC, as administrative and collateral agent</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> (filed as Exhibit 10.1 of the Company's Current Report on Form 8-K filed on December 3, 2019, and incorporated herein by reference)</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.4</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="http://www.sec.gov/Archives/edgar/data/0001590714/000114420419005055/tv511849_ex10-2.htm">Pledge and Security Agreement, dated as of January 31, 2019, among the Company, MacDermid and the subsidiaries of the borrowers from time to time parties thereto in favor of Barclays Bank PLC, as collateral agent</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> (filed as Exhibit 10.2 of the Company's Current Report on Form 8-K filed on February 5, 2019, and incorporated herein by reference)</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File (formatted as Inline XBRL)(furnished only)</span></td></tr></table></div><div id="i313437e997da4a818d2a6b2e70dbd396_10"></div><div style="margin-bottom:12pt;text-align:center"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><span><br/></span></div></div><div style="margin-bottom:12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">SIGNATURE</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:45.020%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.267%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:49.413%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ELEMENT SOLUTIONS INC</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Registrant)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">September 1, 2021</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">/s/ John E. Capps</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Date)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">John E. Capps</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President, General Counsel and Secretary</span></td></tr></table></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div></body></html>
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esi-20210901
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________________________________
FORM
8-K
________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 1, 2021
________________________________________________________
Element Solutions Inc
________________________________________________________
(Exact name of registrant as specified in its charter)
Delaware
001-36272
37-1744899
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
500 East Broward Boulevard,
Suite 1860
33394
Fort Lauderdale,
Florida
(Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code:
(
561
)
207-9600
Not Applicable
________________________________________________________
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01 per share
ESI
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 1.01. Entry into a Material Definitive Agreement.
Incremental Term Loans
On September 1, 2021, Element Solutions Inc (the "Company"), MacDermid, Incorporated ("MacDermid," and together with the Company, the "Borrowers"), certain subsidiaries of the Company party thereto, Barclays Bank PLC, as collateral agent and administrative agent (the "Agent"), and the lenders party thereto, entered into an incremental term facility (the "Incremental Amendment") to that certain credit agreement, dated as of January 31, 2019 (as amended and/or supplemented from time to time, the "Credit Agreement"), among the Borrowers, the Agent, the lending institutions from time to time parties thereto and the other entities party thereto.
Pursuant to the Incremental Amendment, the Borrowers borrowed new U.S. Dollar term loans (the "New USD Term Loans") in an aggregate principal amount of $400 million through a corresponding increase to the Company's existing $750 million tranche B term loans (the "Existing Term Loans") under the Credit Agreement. The proceeds of the New USD Term Loans were used to finance a portion of the purchase price of the previously-announced acquisition of Coventya Holdings SAS ("Coventya"). The Coventya acquisition closed on September 1, 2021 for a purchase price of approximately €420 million, subject to adjustments.
The Credit Agreement, as amended by the Incremental Amendment, provides for senior secured credit facilities in an aggregate principal amount of $1.48 billion, consisting of a revolving credit facility in an aggregate principal amount of $330 million and term loans in an aggregate principal amount of $1.15 billion. Except as set forth in the Incremental Amendment, the New USD Term Loans have identical terms as the Existing Term Loans, including a maturity date of January 31, 2026.  Certain restricted subsidiaries of the Borrowers acting as guarantors under the Credit Agreement (the "Guarantors") will guarantee the Borrowers' obligations under the New USD Term Loans. The New USD Term Loans will also be secured by the collateral pledged by the Borrowers and the Guarantors under that certain Pledge and Security Agreement, dated as of January 31, 2019, among the Borrowers, the Guarantors and the Agent (as amended and/or supplemented from time to time, the "Security Agreement").
Interest Rate
The applicable interest rate for the term loan borrowings under the Credit Agreement was not amended by the Incremental Amendment and remains at (a) a spread of 1.00% per annum for base rate loans and (b) a spread of 2.00% for eurocurrency rate loans, plus, in each case, an additional rate per annum equal to (a) for base rate loans, a base rate determined by reference to the highest of (i) the federal funds effective rate plus 0.50%, (ii) the rate of interest quoted by The Wall Street Journal as the prime rate in the United States, and (iii) an adjusted one month London Inter-bank Offered Rate ("LIBOR"), plus 1.00%; and (b) for eurocurrency rate loans, an adjusted LIBOR rate determined by reference to the cost of funds for the applicable currency for the interest period relevant to such borrowing, subject to a LIBOR rate floor of 0.0% per annum. The New USD Term Loans will bear interest at the applicable rate for eurocurrency rate loans.
Covenants and Events of Default
The Credit Agreement also contains customary covenants including limitations on additional indebtedness, dividends and other distributions, entry into new lines of business, use of loan proceeds, capital expenditures, restricted payments, restrictions on liens, transactions with affiliates, amendments to organizational documents, accounting changes, sale and leaseback transactions and dispositions. Upon the occurrence of an event of default, payment of any outstanding amounts under the Credit Agreement may be accelerated. Borrowings under the Credit Agreement are also subject to mandatory prepayment under certain circumstances, with customary exceptions, from the proceeds of permitted dispositions of assets and from certain insurance and condemnation proceeds.
The foregoing descriptions of the Incremental Amendment and the New USD Term Loans do not purport to be complete and are qualified in their entirety by reference to the full text of the
Incremental Amendment
, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
The foregoing descriptions of the Credit Agreement and the Security Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the
Credit Agreement
, as amended by
Amen
dment
No.
1
, and the
Security Agreement
, which are attached hereto as Exhibits 10.2, 10.3 and 10.4, respectively, and incorporated herein by reference.
Swap Transactions
In anticipation of the close of the Incremental Amendment, on August 6, 2021, the Company had entered into swap transactions (the "Swaps") with certain banks included in the syndicate of the New USD Term Loans (the "Hedge Counterparties"). The Swaps, which replaced the forward starting swaps entered into by the Company on June 29, 2021, are governed by ISDA Master Agreements with each of the Hedge Counterparties and enable the Company to effectively convert the New USD Term Loans, a U.S. dollar denominated debt obligation, into fixed-rate euro-denominated debt. Under the Swap agreements, the Company is required to make periodic euro-denominated coupon payments to the Hedge Counterparties on an aggregate initial notional amount of approximately €340 million in exchange for periodic U.S. dollar-denominated coupon payments from the Hedge Counterparties on an aggregate initial notional amount of $400 million. Each Swap matures on January 31, 2025.
Item 2.03. Creation of a Direct Financial Obligation.
The information set forth under Item 1.01 regarding the Incremental Amendment and the Swaps is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are filed or furnished herewith:
Exhibit Number
Description
10.1
Amendment No.3 to Credit Agreement, dated September 1, 2021
, among, inter alios, the Company, MacDermid, the subsidiaries of the Company from time to time parties thereto, the lenders from time to time parties thereto, and Barclays Bank PLC, as administrative and collateral agent
10.2
Credit Agreement, dated as of January 31, 2019, by and among, inter alia, the Company, MacDermid, the subsidiaries of the borrowers from time to time parties thereto, the lenders from time to time parties thereto, CS, as syndication agent, and Barclays Bank PLC, as administrative agent and collateral agent
(filed as Exhibit 10.1 of the Company's Current Report on Form 8-K filed on February 5, 2019, and incorporated herein by reference)
10.3
Amendment No.1, dated November 26, 2019, among, inter alios, the Company, MacDermid, the subsidiaries of the Company from time to time parties thereto, the lenders from time to time parties thereto, and Barclays Bank PLC, as administrative and collateral agent
(filed as Exhibit 10.1 of the Company's Current Report on Form 8-K filed on December 3, 2019, and incorporated herein by reference)
10.4
Pledge and Security Agreement, dated as of January 31, 2019, among the Company, MacDermid and the subsidiaries of the borrowers from time to time parties thereto in favor of Barclays Bank PLC, as collateral agent
(filed as Exhibit 10.2 of the Company's Current Report on Form 8-K filed on February 5, 2019, and incorporated herein by reference)
104
Cover Page Interactive Data File (formatted as Inline XBRL)(furnished only)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ELEMENT SOLUTIONS INC
(Registrant)
September 1, 2021
/s/ John E. Capps
(Date)
John E. Capps
Executive Vice President, General Counsel and Secretary