Entegris gets $150 million amended and restated revolver

By Sara Rosenberg

New York, March 4 - Entegris Inc. closed on a $150 million amended and restated revolving credit facility due Nov. 1, 2011, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Wells Fargo is the agent on the deal that was completed on March 2.

Pricing on the revolver is Libor plus 525 basis points. The spread may be increased by 225 bps if year-to-date EBITDA is less than the specified minimum amounts.

Financial covenants include year-to-date EBITDA requirements.

The facility replaces the company's existing $230 million revolver due Feb. 15, 2013.

Entegris is a Chaska, Minn.-based developer, manufacturer and supplier of materials integrity management services to the semiconductor and data storage markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.