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"We are thrilled to receive this important recognition for a second straight year," said John T.C. Lee, President and Chief Executive Officer at MKS. "We recognize that our success rests on our ability to attract and retain some of the most talented people in our industry. To that end, we work to create an environment and culture in which individuals are valued and supported so they can reach their full potential. We are proud that U.S. News has again recognized our efforts, which speaks to our long-term co ...

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, stated, "Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players in nextgeneration technologies and growth strategies. Aligning with Penang's ambition to move up the global semiconductor value chain, MKS Instruments unlocks opportunities in semiconductor manufacturing, which creates more high-value job opportunities for the local workforce. I am delighted that MKS Instrum ...

A month has gone by since the last earnings report for MKS Instruments (MKSI) . Shares have added about 1.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is MKS Instruments due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. MKS Instruments Q1 Earnings Top Estimates, ...

Core Viewpoint - MKS Instruments, Inc. has successfully closed an offering of $1.4 billion in convertible senior notes, with net proceeds of approximately $1,374.2 million intended for debt repayment and general corporate purposes [1][2]. Group 1: Offering Details - The offering consisted of $1.4 billion aggregate principal amount of 1.25% convertible senior notes due 2030, with net proceeds after discounts and expenses amounting to approximately $1,374.2 million [1]. - MKS utilized about $167.4 million of the net proceeds to cover costs associated with capped call transactions, while the remaining $1,206.0 million will be used to repay borrowings under its First Lien USD tranche B term loan [2]. Group 2: Notes Characteristics - The notes are unsecured, bearing an interest rate of 1.25% per annum, with interest payable semi-annually starting December 1, 2024, and maturing on June 1, 2030 [3]. - The initial conversion rate is set at 6.4799 shares of MKS common stock per $1,000 principal amount of notes, equating to a conversion price of approximately $154.32 per share, which is a 30% premium over the last reported sale price of $118.71 on May 13, 2024 [4]. - MKS has the option to redeem the notes for cash starting June 5, 2027, under specific conditions related to the stock price [3]. Group 3: Conversion and Repurchase Terms - Upon conversion, MKS will pay cash up to the principal amount of the notes and may pay the remainder in cash, shares, or a combination thereof [5]. - Holders can require MKS to repurchase their notes at a fundamental change repurchase price equal to 100% of the principal amount plus accrued interest if a fundamental change occurs before maturity [6]. Group 4: Capped Call Transactions - MKS has entered into capped call transactions to mitigate potential dilution of its common stock upon conversion of the notes, with an initial cap price of $237.42 per share, representing a 100% premium over the last reported sale price [7]. - The option counterparties may engage in derivative transactions and purchase shares of MKS common stock, which could influence the market price of the stock and the notes [8][9].

ANDOVER, Ma., May 16, 2024 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ:MKSI) ("MKS") today announced the closing of its offering of $1.4 billion aggregate principal amount of its 1.25% convertible senior notes due 2030 (the "notes"). The net proceeds from the offering were approximately $1,374.2 million, after deducting the initial purchasers' discounts and estimated offering expenses payable by MKS. The net proceeds include the full exercise of the $200.0 million option granted by MKS to the initial ...

ANDOVER, Mass., May 13, 2024 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ:MKSI) ("MKS") today announced the pricing of its offering of $1.2 billion aggregate principal amount of 1.25% convertible senior notes due 2030 (the "notes"). The notes will be offered and sold in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). MKS also granted to the initial purch ...

ANDOVER, Mass., May 13, 2024 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ:MKSI) ("MKS") today announced that it intends to offer, subject to market and other conditions, $1.0 billion aggregate principal amount of convertible senior notes due 2030 (the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). MKS also expects to grant to the initial pur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-23621 MKS INSTRUMENTS, INC. (Exact name of registrant as specified in its charter) Massachusetts 04-2277512 (State or other jurisdic ...

MKS Instruments (MKSI) reported adjusted earnings of $1.18 per share in first-quarter 2024, up from the year-ago quarter’s earnings of 48 cents. The figure beat the Zacks Consensus Estimate by 57.33%.Revenues of $868 million beat the consensus mark by 0.73% and increased 9.3% year over year.Products revenues (86.9% of total revenues) were $754 million, up 5.9% year over year.Services revenues (13.1% of total revenues) rallied 39% year over year to $114 million. Quarterly UpdateRevenues from the Semiconducto ...