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Published on 3/25/2014 in the Prospect News High Yield Daily.

New Issue: Entegris prices $360 million eight-year notes at par to yield 6%

By Paul A. Harris

Portland, Ore., March 25 - Entegris, Inc. priced a $360 million issue of eight-year senior notes (B3/BB-/) at par to yield 6% on Tuesday, according to a market source.

The yield printed at the tight end of the 6% to 6¼% yield talk.

Goldman Sachs & Co. was the bookrunner.

The Billerica, Mass.-based supplier of products and services in the semiconductor industry plans to use the proceeds to fund a portion of its proposed acquisition of ATMI, Inc.

Issuer:Entegris, Inc.
Amount:$360 million
Maturity:April 1, 2022
Securities:Senior notes
Bookrunner:Goldman Sachs & Co.
Co-managers:Jefferies LLC, PNC Capital Markets, Stifel Nicolaus & Co. Inc., U.S. Bancorp Investments Inc.
Coupon:6%
Price:Par
Yield:6%
Price talk:6% to 6¼%
Call protection:Three years
Trade date:March 25
Settlement date:April 1
Ratings:Moody's: B3
Standard & Poor's: BB-
Distribution:Rule 144A and Regulation S for life
Marketing:Roadshow

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