MKS Instruments Completes Repricing on its Secured Term Loan B USD and EUR Tranches and Makes a $100 Million Voluntary Prepayment on its Secured Term Loan B USD

Core Viewpoint - MKS Instruments has successfully repriced its secured tranche B term loans, resulting in reduced interest rates and a voluntary prepayment, demonstrating a commitment to deleveraging and cost reduction [1][2][3] Group 1: Loan Repricing Details - MKS Instruments completed the repricing of $2.5 billion and €0.6 billion secured tranche B term loans maturing in 2029, reducing the interest rate for USD loans from SOFR plus 225 basis points to SOFR plus 200 basis points and for EUR loans from EURIBOR plus 275 basis points to EURIBOR plus 250 basis points [1] - The company made a voluntary prepayment of$100 million on its USD tranche B term loans, reducing the principal amount from $2.6 billion to$2.5 billion [2] Group 2: Financial Impact - The annualized cash interest savings from the repricing and prepayment actions is approximately $15 million based on current interest rates [2] Group 3: Management Commitment - The Executive Vice President and CFO of MKS Instruments emphasized the company's commitment to deleveraging its balance sheet and maximizing free cash flow to repay debt through proactive cost-reduction measures [3] Group 4: Company Overview - MKS Instruments provides enabling technologies for semiconductor manufacturing, electronics, and specialty industrial applications, focusing on improving process performance and addressing challenges in advanced device manufacturing [4]