---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-249956"
form_type: "8-K"
ticker: "MKSI"
cik: "0001049502"
company_name: "MKS INC"
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:10:07.207256+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MKS Instruments reprices $3.6 billion term loan, rate reduced to SOFR + 250bps

## Summary
- Repriced $3.6B senior secured tranche B term loan; margin cut from SOFR+275bps to SOFR+250bps.
- Eliminated credit spread adjustments (10-25bps) on SOFR borrowings, reducing total interest cost.
- Annualized non-GAAP interest expense savings estimated at $10.7 million based on current rates.
- Prepayment premium period extended to 6 months if loans prepaid in connection with a repricing transaction.
- JPMorgan acted as sole lead arranger and sole bookrunner for the repricing.

## SEC filing metadata
- accession: 0001193125-23-249956
- form_type: 8-K
- ticker: MKSI
- cik: 0001049502
- company_name: MKS INC
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049502/000119312523249956/0001193125-23-249956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049502/000119312523249956/d532363d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-249956
- JSON: https://secwatch.observer/filing/0001193125-23-249956.json
- Plain text: https://secwatch.observer/filing/0001193125-23-249956.txt

## Key facts
- Debt Financings
  MKS INC amended term loan with JPMorgan Chase Bank, N.A. at decreased the applicable margin for the Company’s $3.6 billion senior secured tr.
  - Instrument: term loan
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: decreased the applicable margin for the Company’s $3.6 billion senior secured tr
  - Event: amendment
  source text: The Repricing Amendment (i) decreased the applicable margin for the Company’s $3.6 billion senior secured tranche B term loans (the “USD Tranche B”) from 2.75% to 2.50% with respect to SOFR borrowings and from 1.75% to 1.50% with respect to base rate borrowings, (ii) removed the credit spread adjustments applicable to SOFR borrowings and (iii) extended the period during which a 1.00% prepayment premium may be required if the Company prepays any loans under the USD Tranche B in connection with a repricing transaction until the date that is six months following the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049502/000119312523249956/0001193125-23-249956-index.htm
- Material Agreements
  MKS INC amended Repricing Amendment with JPMorgan Chase Bank, N.A. (effective 2023-10-03).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Effective: 2023-10-03
  source text: On October 3, 2023 (the “Effective Date”), MKS Instruments, Inc., a Massachusetts corporation (the “Company”), entered into the First Amendment to Credit Agreement (the “Repricing Amendment”), which amends the Credit Agreement, dated as of August 17, 2022, by and among the Company, the lenders and letter of credit issuers party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (as amended, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049502/000119312523249956/0001193125-23-249956-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.