Skip to main content

Market Overview

Entegris Seeks To Raise $400M Via Senior Unsecured Notes To Refinance Debt

Share:
Entegris Seeks To Raise $400M Via Senior Unsecured Notes To Refinance Debt
  • Entegris Inc (NASDAQ: ENTG) plans to offer $400 million senior unsecured notes due 2029 in a private institutional offering.
  • The offering proceeds, cash in hand, and $75 million from the company's revolving credit facility will be utilized to repay the $550 million senior unsecured notes due 2026. The proceeds will also be used to pay certain offering expenses.
  • Entegris held $580.9 million in cash and equivalents and $1.09 billion in long-term debt as of Dec. 31, 2020. 
  • Price action: ENTG shares traded lower by 0.25% at $119 in the premarket session on the last check Friday.
 

Related Articles (ENTG)

View Comments and Join the Discussion!

Posted-In: BriefsNews Offerings Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com