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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