Minerals Technologies closes $400M 7.500% notes due 2032, expands revolver to $500M

MINERALS TECHNOLOGIES INC

$400M aggregate principal of 7.500% Senior Notes due 2032 completed Oct 13, 2026; interest payable semi-annually Jan 15 and Jul 15, first payment Jan 15, 2027.
Net proceeds plus cash on hand will redeem all outstanding 5.000% senior notes due 2028 and pay transaction fees and expenses.
Notes are guaranteed by wholly owned domestic restricted subsidiaries; redeemable before Jan 15, 2029 at make-whole; equity clawback up to 40% at 107.500%.
Amended credit agreement replaces $400M revolver with $500M facility maturing Oct 13, 2031, including $100M incremental commitments; $564,937,500 term loan due Nov 26, 2031 unchanged.
Change of control triggers repurchase offer at 101% of principal; indenture covenants limit additional debt, dividends, liens, asset sales and affiliate transactions.

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