secwatch.observer — SEC 8-K summary
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Issuer:     MKS INC (MKSI)
CIK:        0001049502
Form:       8-K
Filed at:   2022-08-17T23:59:59+00:00
Accession:  0001193125-22-223279
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 2.01, 2.03, 1.02, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MKS closes $4.4B Atotech acquisition; appoints new division COO and director
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- Acquired Atotech on Aug 17, 2022, for ~$4.4B aggregate consideration (cash + stock).
- Issued 10.75M shares; each Atotech share exchanged for $16.20 cash and 0.0552 MKS share.
- Funded with new term loans: $1B Tranche A, $3.6B Tranche B, €600M Tranche, plus $500M revolver.
- Repaid prior $820M term loan; total debt substantially increased.
- James Schreiner named SVP & COO of Materials Solutions Division; Geoff Wild added to Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049502/000119312522223279/0001193125-22-223279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049502/000119312522223279/d368298d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-223279

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer