Workflow
6.250% senior secured notes due 2034
icon
Search documents
Perimeter Solutions Prices Offering of $550 Million of Senior Secured Notes Due 2034
Globenewswire· 2025-12-15 21:59
Core Viewpoint - Perimeter Solutions, Inc. announced the pricing of a $550 million offering of 6.250% senior secured notes due January 15, 2034, to finance the acquisition of Medical Manufacturing Technologies LLC and related expenses [1][2]. Group 1: Offering Details - The offering consists of $550 million aggregate principal amount of senior secured notes with an interest rate of 6.250% per year, payable semi-annually [1]. - The notes will mature on January 15, 2034, and will be fully guaranteed on a senior secured basis by Perimeter Intermediate and certain subsidiaries [1]. - The notes will be secured by a first-priority security interest in substantially all present and future assets of Perimeter Holdings and the guarantors [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used alongside cash on hand to pay for the acquisition of Medical Manufacturing Technologies LLC and related fees and expenses [2]. Group 3: Redemption Conditions - If the acquisition of MMT is not completed by September 9, 2026, or if Perimeter Holdings decides not to pursue the acquisition, the company will be required to redeem the notes [3]. Group 4: Regulatory Information - The notes have not been registered under the Securities Act of 1933 and may only be offered to qualified institutional buyers and non-U.S. persons under specific regulations [4].