Minerals Technologies refinances $550M term loan and $300M revolver through 2027

MINERALS TECHNOLOGIES INC

New $550M senior secured term loan facility and $300M revolving credit facility, maturing Aug 11, 2027.
Interest at Term SOFR + 0.100% + 1.500% margin (base rate + 0.500%), with leverage-based adjustments.
Replaces $788M term loan and $300M revolver from prior credit agreement.
Covenants include max net leverage ratio of 4.00x and min interest coverage of 3.00x.
Proceeds used to refinance existing debt; no change in total committed capacity.

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