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Form 8-K · Current Report · Filed 2024-07-23

MKS Instruments Reprices Term Loans and Makes Prepayment

MKS Instruments, Inc. repriced its $2.6 billion USD and €0.8 billion Euro tranche B term loans, reducing interest rates and making a $110 million voluntary prepayment. This action is expected to save approximately $17 million in annualized cash interest.

Filer
MKS Instruments Inc. MKSI · NASDAQ
Filed
Accession
0001193125-24-182623
CIK
0001049502
Signal
Medium impactTechnology

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$132.44

Next session

-6.8%

Since filing

+124.6%

Latest close

$297.45

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MKSI reporting the same item, with the next session's move:

Exhibits (2)

About MKS Instruments Inc.

MKS Instruments Inc. designs and manufactures instruments, subsystems, and process control solutions for advanced manufacturing processes. The company's primary function is to provide essential technologies for manufacturers of semiconductors, industrial technologies, life and health sciences, and other advanced products. MKS Instruments focuses on critical areas like vacuum and gas technologies, photonics, and laser solutions, enabling precise measurement, control, and analysis crucial for product quality and efficiency. MKS Instruments plays a vital role in the semiconductor industry by offering products that ensure the precision and accuracy required for advanced fabrication processes. The company's innovative technologies are also significant in areas such as aerospace, defense, and research sectors, where precision and reliability are paramount. With a legacy dating back to 1961, MKS Instruments has cemented its position in the financial markets as a trusted provider of advanced technology solutions. Its contributions are pivotal in supporting the development of next-generation technologies, making it a key player in driving technological advancement and efficiency across multiple industries.

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