secwatch.observer — SEC 8-K summary
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Issuer:     MINERALS TECHNOLOGIES INC (MTX)
CIK:        0000891014
Form:       8-K
Filed at:   2026-10-13T20:58:36+00:00
Accession:  0000950157-26-001098
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891014/000095015726001098/0000950157-26-001098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891014/000095015726001098/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-26-001098

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