Entegris firms $400 million term loan B at Libor plus 200 bps

By Sara Rosenberg

New York, Nov. 2 – Entegris Inc. finalized pricing on its $400 million seven-year senior secured term loan B at Libor plus 200 basis points, the low end of the Libor plus 200 bps to 225 bps talk, according to a market source.

Also, the original issue discount on the term loan was tightened to 99.75 from 99.5, the source said.

The term loan still has a 0% Libor floor and 101 soft call protection for six months.

Earlier in syndication, the term loan was upsized from $200 million.

The company’s $700 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.

Recommitments were scheduled to be due at noon ET on Friday, the source added.

Proceeds will be used to refinance existing debt and for general corporate purposes.

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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