secwatch.observer — SEC 8-K summary
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Issuer:     MINERALS TECHNOLOGIES INC (MTX)
CIK:        0000891014
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0000950157-22-000927
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891014/000095015722000927/0000950157-22-000927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891014/000095015722000927/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-22-000927

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