MKS Announces €1 Billion Bond Issuance and Debt Refinancing, Diversifying Capital Structure and Reducing Interest Expense

MKS Inc. closed a private offering of €1 billion 4.250% senior notes due 2034 and refinanced its term loan facility, extending maturities and reducing interest rates. The refinancing resulted in an extension of the term loan facility to 2033 and the revolving credit facility to 2031, and a reduction of interest rates. The company expects annualized cash interest savings of approximately $27 million.