MINERALS TECHNOLOGIES INC (MTX) Form 8-K — Oct 13, 2026
Minerals Technologies completed a $400 million offering of 7.500% Senior Notes due 2032 on October 13, 2026, with proceeds plus cash on hand intended to redeem all outstanding 5.000% senior notes due 2028 and pay transaction fees. The same day, the company amended its credit agreement, replacing its $400 million revolver with a new $500 million senior secured revolving facility maturing October 13, 2031, while leaving the $564.9 million term loan unchanged.
Key figures
- Debt Amount
- 400000000
- Interest Rate
- 7.5
- Maturity Date
- 2032
- Notes Coupon
- 7.500%
- Equity Clawback
- up to 40% of notes redeemable at 107.500% with equity offering proceeds before January 15, 2029
- Refinanced Notes
- 5.000% senior notes due 2028 redeemed
- Existing Revolver
- 400000000
- Existing Term Loan
- 564937500
- Revolver Maturity
- October 13, 2031
- Term Loan Maturity
- November 26, 2031
- Change Of Control Put
- 101% of principal
- New Revolver Commitments
- 500000000
- First Interest Payment Date
- January 15, 2027
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.