Financing ·
Minerals Technologies launches $400M private offering of senior notes due 2034
MTXMinerals Technologies Inc
Minerals Technologies Inc. announced the commencement of a private offering of $400 million aggregate principal amount of senior notes due 2034 on October 1, 2026. The company intends to use net proceeds from this transaction, combined with existing cash on hand, to redeem all outstanding 5.000% senior notes due 2028 and pay related transaction fees and expenses associated with the concurrent amendment and extension of its revolving credit facility. This debt issuance is subject to market conditions and other customary closing requirements. Minerals Technologies Inc. operates as a global technology-driven specialty minerals company that sources, manufactures, sells, and distributes mineral-based products and services.