MKS Instruments talks $896.8 million term B-6 at Libor plus 175 bps

By Sara Rosenberg

New York, Sept. 16 – MKS Instruments Inc. launched on Monday its $896.8 million first-lien term loan B-6 due Feb. 1, 2026 with price talk of Libor plus 175 basis points with a 0% 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.

Barclays is the bookrunner on the deal.

Commitments are due at noon ET on Sept. 25.

Proceeds will be used to reprice an existing $298.5 million first-lien term loan B-4 from Libor plus 200 bps with a 0.75% Libor floor and an existing $648.4 million first-lien term loan B-5 from Libor plus 225 bps with a 0% Libor floor, and extend the maturity of the B-4 loan to match the Feb. 1, 2026 maturity of the B-5 loan. There will be a $50 million paydown of the pro forma facility at close.

MKS is an Andover, Mass.-based provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes.

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