Perimeter Solutions Announces Proposed Offering of $550 Million Senior Secured Notes

Core Viewpoint - Perimeter Solutions, Inc. plans to offer $550 million in senior secured notes to finance the acquisition of Medical Manufacturing Technologies LLC and related expenses [1][2]. Group 1: Offering Details - Perimeter Holdings intends to issue $550 million in senior secured notes due in 2034, guaranteed by Perimeter Intermediate and certain subsidiaries [1]. - The notes will be secured by a first-priority security interest in substantially all assets of Perimeter Holdings and the guarantors [1]. Group 2: Use of Proceeds - The net proceeds from the notes offering, along with cash on hand, will be used to pay for the acquisition of MMT and associated fees [2]. Group 3: Conditions and Obligations - If the acquisition of MMT is not completed by September 9, 2026, or if Perimeter Holdings decides not to pursue the acquisition, it will be required to redeem the notes [3]. Group 4: Credit Facility Amendments - Prior to the notes offering, Perimeter Holdings plans to amend its existing revolving credit facility to increase the principal amount to up to $200 million and extend the maturity date [4].