MKS Instruments proposes $1.0B convertible senior notes due 2030 to repay term loan

MKS INC

Offers $1.0B aggregate principal of convertible senior notes due 2030 in private placement.
Initial purchasers granted option to buy up to an additional $150M of notes.
Net proceeds to repay ~$850M of secured U.S. dollar tranche B term loan and fund capped call cost.
Capped call transactions expected to reduce potential dilution upon conversion or offset excess cash payments.
Notes unsecured, bearing interest semi-annually, maturing June 1, 2030; terms set at pricing.

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