Minerals Technologies closes $575M Term Loan B, upsizes revolver to $400M

MINERALS TECHNOLOGIES INC

New 7-year $575M senior secured Term Loan B due Nov 26, 2031.
Revolving credit facility increased from $300M to $400M, maturity extended to Nov 26, 2029.
Proceeds refinance existing $523M Term Loan A and outstanding revolver borrowings.
Transaction extends weighted average tenor above 5 years and adds $150M liquidity.
Refinancing is leverage-neutral, improving balance sheet flexibility per CFO.

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