MKS Instruments Completes Fifth Repricing and Makes a Voluntary $50 Million Prepayment on its Secured Term Loan
MKS Instruments, Inc. (MKSI)
Last mks instruments, inc. earnings: 4/28 04:30 pm
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Source: GlobeNewswire
ANDOVER, Mass., Oct. 01, 2019 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that enable advanced processes and improve productivity, announced today that it successfully completed the repricing of its existing secured term loan. The lenders have agreed to an amendment that results in a reduction of the interest rate spread on the two existing tranches of the secured term loan from LIBOR plus 2.0% and LIBOR plus 2.25%, respectively, to LIBOR plus 1.75%. This transaction also combined the two existing tranches into one tranche with a maturity date in February 2026. Based upon the current interest rate, the annualized non-GAAP interest savings from this repricing is approximately $4 million.In addition, the Company announced that it has made a voluntary $50 million prepayment of principal on its secured term loan, reducing the outstanding principal to approximately $897 million as of September 27, 2019, from approximately $947 million at
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Earnings
- 2/7/24 - Beat
MKSI
Sec Filings
- 4/16/24 - Form 4
- 4/2/24 - Form 4
- 4/1/24 - Form 8-K
- MKSI's page on the SEC website