Entegris $300 million revolver bears interest at Libor plus 125 bps

By Sarah Lizee

Olympia, Wash., Nov. 6 – Entegris Inc. disclosed pricing details of its new $300 million revolving credit facility in a Tuesday press release.

Borrowings initially bear interest at Libor plus 125 basis points. The margin over Libor will range from 125 bps to 175 bps, depending on the company’s secured net leverage ratio.

The revolver was undrawn at closing.

As previously reported, the company also closed a new $400 million term loan B priced at Libor plus 200 bps.

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 $700 million in credit facilities.

About $109 million of proceeds from the term loan was used to refinance the company’s existing secured credit facilities. Remaining proceeds from the term loan and available capacity under the revolver may be used 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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