Financing ·
Minerals Technologies prices $400M of 7.5% senior notes due 2032 at par
MTXMinerals Technologies Inc
Minerals Technologies Inc. priced a $400 million private offering of 7.500% senior notes due 2032 at par on October 1, 2026, with settlement expected on October 13, 2026. The company intends to use the net proceeds, combined with cash on hand, to redeem all outstanding 5.000% senior notes due 2028 and pay transaction fees. Concurrently, Minerals Technologies expects to amend its credit agreement to increase the revolving credit facility size to $500 million and extend its maturity date. The company operates in the specialty minerals industry, sourcing, manufacturing, and distributing mineral-based products for consumer and industrial markets.