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MKS Announces Pricing of Private Offering of €1 Billion of 4.250% Senior Notes
Globenewswire· 2026-01-28 18:32
Core Viewpoint - MKS Inc. has announced a private offering of €1.0 billion in senior notes, with the proceeds aimed at refinancing existing loans and improving financial flexibility [1][3]. Group 1: Offering Details - The offering consists of €1.0 billion aggregate principal amount of 4.250% senior notes due in 2034, expected to close on February 4, 2026 [1]. - The estimated net proceeds from the offering will be approximately €985 million after deducting discounts and expenses [2]. - The notes will be unsecured senior obligations of MKS and will be guaranteed by certain subsidiaries, with interest payable semi-annually starting August 15, 2026 [5]. Group 2: Use of Proceeds - MKS plans to use the net proceeds to prepay and refinance approximately $1.3 billion of its existing USD Tranche B Term Loan and to refinance its €587 million Euro Tranche B Term Loan [3]. - The refinancing of the Term Loan Facility is expected to occur concurrently with the closing of the offering, but the two are not contingent upon each other [4]. Group 3: Regulatory and Offering Structure - The notes are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S, without registration under the Securities Act [6]. - The offering is made solely through a private offering memorandum, and no public solicitation is involved [7].