Entegris to price $400 million eight-year notes in Friday drive-by

By Paul A. Harris

Portland, Ore., April 16 – Entegris Inc. plans to price a $400 million offering of eight-year senior notes (Ba2/BB) in a Friday drive-by trailing a conference call with investors, according to a syndicate source.

Lead left bookrunner Morgan Stanley & Co. LLC will bill and deliver. BofA Securities Inc., Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC, Truist Securities Inc. and Wells Fargo Securities LLC are the joint bookrunners.

The Rule 144A and Regulation S for life notes become callable after three years at par plus 50% of the coupon.

The Billerica, Mass.-based supplier of advanced materials and process solutions for the semiconductor industry plans to use the proceeds plus cash on hand and a $75 million draw on its revolver to redeem all of its senior notes due 2026.

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