Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Minerals Technologies Inc. > News item |
Minerals Technologies launches $788 million term loan B to investors
By Sara Rosenberg
New York, Feb. 3 – Minerals Technologies Inc. held a lender call on Friday to launch a $788 million seven-year term loan B that is talked at Libor plus 225 basis points to 250 bps with a 0.75% Libor floor and an original issue discount of 99.75, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to refinance existing debt.
Minerals Technologies is a New York-based resource- and technology-based growth company that develops, produces and markets a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.