Milacron voluntarily pays down $25 million of term loan borrowings

By Sarah Lizee

Olympia, Wash., March 2 – Milacron Holdings Corp. made a voluntary $25 million payment on its senior secured term loan facility on Feb. 28, according to an 8-K filing with the Securities and Exchange Commission.

The facility matures Sept. 28, 2023.

The company said that, consistent with its fourth quarter 2017 earnings call, it is committed to an additional minimum paydown of $75 million on the facility for a total minimum of $100 million in the next 12 months.

Milacron is a Cincinnati-based provider of plastics processing technologies and industrial fluids.

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