Entegris may issue convertibles to refinance bridge loan facility

By Jennifer Chiou

New York, May 10 - Entegris, Inc. said that it may offer convertible debt securities or debt securities to refinance a $75 million bridge loan facility.

The bridge loan facility and $175 million of cash on hand are slated to finance the company's proposed modified Dutch auction tender offer to purchase up to 20.4 million common shares at a price per share not less than $11.00 and not greater than $12.25.

The tender will result in a maximum aggregate purchase price of up to $250 million.

The offer is set to start on May 11 and expire on 11:59 p.m. ET on June 8.

Goldman, Sachs & Co., and Citigroup Global Markets Inc. are the dealer managers for the stock tender offer. MacKenzie Partners, Inc. is information agent (800 322-2885).

Based in Chaska, Minn., Entegris is involved in materials integrity management in semiconductor and other high-tech industries.

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