MKS Instruments Completes Second Repricing of Term Loan and Makes a Voluntary $40 Million Prepayment of Principal
In addition, the Company announced that it has prepaid
"We are very pleased to complete a second successful repricing of our existing secured term loan as well as our third voluntary prepayment. These actions are expected to result in significant savings over the life of the loan and align with our strategy to deleverage our balance sheet and reduce our cost of capital. Since origination on
Barclays acted as sole arranger for this term loan repricing and amendment.
About
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this release regarding MKS management's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are only predictions based on current assumptions and
expectations. Actual events or results may differ materially from those in the forward-looking statements. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements are the conditions affecting the markets in which MKS operates, including the fluctuations in capital spending in the semiconductor industry and other advanced manufacturing markets; fluctuations in net sales to MKS' major customers; the ability of MKS to successfully integrate Newport Corporation's operations and employees; unexpected costs, charges or expenses, or MKS' ability to realize anticipated synergies and cost savings from the Newport acquisition or other acquisitions; MKS' ability to meet its obligations under the term loan; fluctuations in interest rates; MKS' ability to successfully grow its business outside of the semiconductor capital equipment
industry; potential fluctuations in quarterly results; the challenges and dependence on new product development; rapid technological and market change; acquisition strategy; manufacturing and sourcing risks, volatility of stock price; international operations; financial risk management, and the other factors described in MKS' Quarterly Report on Form 10-Q for the period ended
Company Contact:Source:Seth H. Bagshaw Vice President, Chief Financial Officer and Treasurer Telephone: 978.645.5578 Investor Relations Contact:Monica Gould The Blueshirt Group Telephone: 212.871.3927 Email: monica@blueshirtgroup.com
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