---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-012171"
form_type: "8-K"
ticker: "MKSI"
cik: "0001049502"
company_name: "MKS INC"
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:27:35.682409+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MKS refinances $744M term loans; extends maturity to 2029, expects 30-35 bps cost savings

## Summary
- Borrowed $490M incremental USD tranche B and €250M incremental Euro tranche B loans.
- Used proceeds to prepay $744M senior secured tranche A term loans in full.
- Refinanced debt maturity extended to 2029, matching existing tranche B terms.
- Expected to reduce weighted average cost of debt by ~30-35 bps based on current rates.
- JP Morgan acted as sole lead arranger and sole bookrunner for the refinancing.

## SEC filing metadata
- accession: 0001193125-24-012171
- form_type: 8-K
- ticker: MKSI
- cik: 0001049502
- company_name: MKS INC
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049502/000119312524012171/0001193125-24-012171-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049502/000119312524012171/d85592d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-012171
- JSON: https://secwatch.observer/filing/0001193125-24-012171.json
- Plain text: https://secwatch.observer/filing/0001193125-24-012171.txt

## Key facts
- Debt Financings
  MKS INC incurred term loan of $490 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.
  - Instrument: term loan
  - Principal: $490 million
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
  - Event: incurrence
  source text: borrowed additional U.S. Dollar senior secured tranche B term loans (the "Incremental USD Tranche B Loans") in an aggregate principal amount of $490 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049502/000119312524012171/0001193125-24-012171-index.htm
- Debt Financings
  MKS INC incurred term loan of €250 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.
  - Instrument: term loan
  - Principal: €250 million
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
  - Event: incurrence
  source text: borrowed additional Euro senior secured tranche B term loans (the "Incremental Euro Tranche B Loans" and together with the Incremental USD Tranche B Loans, the "Incremental Tranche B Loans") in an aggregate principal amount of €250 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049502/000119312524012171/0001193125-24-012171-index.htm
- Material Agreements
  MKS INC amended Second Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders and letter of credit issuers party thereto valued at aggregate principal amount of $490 million, (ii) borrowed additional Euro senior secured tranche B t (effective 2024-01-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders and letter of credit issuers party thereto
  - Value: aggregate principal amount of $490 million, (ii) borrowed additional Euro senior secured tranche B t
  - Effective: 2024-01-22
  source text: On January 22, 2024 (the “Effective Date”), MKS Instruments, Inc., a Massachusetts corporation (the “Company”), entered into the Second Amendment to Credit Agreement (the “Refinancing 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049502/000119312524012171/0001193125-24-012171-index.htm

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