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MKS Instruments finalizes $3.57 billion term loan B at 99.75 OID
By Sara Rosenberg
New York, Sept. 29 – MKS Instruments Inc. set the original issue discount on its $3.573 billion term loan B due August 2029 at 99.75, the wide end of the 99.75 to par talk, according to a market source.
Pricing on the term loan remained at SOFR plus 250 basis points with a 0.5% floor.
The term loan has 101 soft call protection for six months.
JPMorgan Chase Bank is the lead on the deal.
Proceeds will be used to reprice an existing term loan B down from SOFR+CSA plus 275 bps with a 0.5% floor.
MKS is an Andover, Mass.-based provider of technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications.
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