Entegris to repay some loan borrowings with notes proceeds

By Sara Rosenberg

New York, April 23 – Entegris Inc. plans to repay about $142 million of outstanding borrowings under its revolving credit facility and $50 million of its term loan B using a portion of the proceeds from a $400 million senior notes offering, according to a market source.

Remaining proceeds from the notes will be used for general corporate purposes.

The notes were upsized from $350 million.

Also, if current business conditions continue, the company expects to repay $200 million of term loan borrowings over the course of the next several quarters, the source said.

Entegris is a Billerica, Mass.-based provider of specialty chemicals and advanced materials solutions for the microelectronics industry.

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