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

April 16, 2021 9:19 AM | 1 min read

Entegris Inc 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.

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