Entegris launches $200 million term loan B at Libor plus 200-225 bps

By Sara Rosenberg

New York, Oct. 25 – Entegris Inc. launched on Thursday its $200 million seven-year senior secured term loan B with price talk of Libor plus 200 basis points to 225 bps with a 0% Libor floor and an original issue discount of 99.5, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

The company’s $500 million of credit facilities (Baa3/BBB-) also include a $300 million revolver.

Goldman Sachs Bank USA, Barclays, Citigroup Global Markets Inc., Morgan Stanley Senior Funding Inc., PNC and SunTrust Robinson Humphrey Inc. are the leads on the deal.

Commitments are due on Nov. 1, the source added.

Proceeds will be used to refinance existing debt.

Entegris is a Billerica, Mass.-based developer, manufacturer and supplier of microcontamination control products, specialty chemicals and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries.

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