Entegris increases term loan B amount to $400 million

By Sara Rosenberg

New York, Oct. 31 – Entegris Inc. upsized its seven-year senior secured term loan B to $400 million from $200 million, according to a market source.

Price talk on the term loan remained at Libor plus 200 basis points to 225 bps with a 0% Libor floor and an original issue discount of 99.5.

The term loan still has 101 soft call protection for six months.

The company’s now $700 million of credit facilities (Baa3/BBB-), up from $500 million, 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 continue to be due at 5 p.m. ET on Thursday, 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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