Cabot Microelectronics pays off last $137.81 million of term loan

By Wendy Van Sickle

Columbus, Ohio, April 9 – Cabot Microelectronics Corp. paid off the remaining outstanding term loan principal balance of $137,812,500 under its credit agreement dated Feb. 13, 2012 on Friday, according to an 8-K filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch and J.P. Morgan Securities LLC are the joint lead arrangers and book managers.

There was no prepayment penalty.

Cabot is an Aurora, Ill.-based supplier of chemical mechanical planarization consumables to the semiconductor industry.

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