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Minerals Technologies to pay down term loans, revolver with new notes
By Rebecca Melvin
New York, June 23 – Minerals Technologies Inc. plans to pay down its term loans and revolver with the proceeds of new notes, according to a company release on Tuesday.
The company announced a Rule 144A and Regulation S offering of $400 million of eight-year senior notes. The proceeds of the deal area also earmarked for general corporate purposes.
The New York-based company develops, produces and markets specialty mineral and mineral-based products.
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