Loan & DebtOct 13, 2026, 05:01 PM
Minerals Technologies Issues $400M Senior Notes, Amends Credit Facility
AI Summary
Minerals Technologies Inc. announced the completion of its offering of $400 million in 7.500% Senior Notes due 2032. The net proceeds will be used to redeem all outstanding 5.000% senior notes due 2028 and cover related transaction fees. Additionally, the company amended its credit agreement to establish a new $500 million senior secured revolving credit facility maturing on October 13, 2031, replacing the prior revolving facility. The maturity date for the existing senior secured term loan facility remains November 26, 2031.
Key Highlights
- Minerals Technologies Inc. issued $400 million in 7.500% Senior Notes due 2032.
- Proceeds will be used to redeem outstanding 5.000% senior notes due 2028 and pay transaction fees.
- The company amended its credit agreement, establishing a new $500 million senior secured revolving credit facility maturing October 13, 2031.
- The existing senior secured term loan facility maturity date remains November 26, 2031.
- The new revolving credit facility replaces the previous $400 million senior secured revolving credit facility.
Price Impact
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