MKS Instruments completed the repricing of its $2.6 billion and EUR 0.8 billion secured tranche B term loans maturing in 2029. The repricing results in a reduction of the interest rate for the USD tranche B term loans from SOFR plus a margin of 250 basis points to SOFR plus 225 basis points and EUR tranche B term loans from EURIBOR plus a margin of 300 basis points to EURIBOR plus 275 basis points. In addition, immediately prior to the repricing, MKS made a voluntary prepayment of $110 million on its secured tranche B term loans, consisting of $69 million to the USD Term Loan B and EUR 38 million to the EUR Term Loan B. Based on the current interest rates, the annualized cash interest savings from the combined actions is approximately $17 million.
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