Minerals Technologies closes $400 million senior notes offering
MTX•Minerals Technologies completed a $400 million offering of 7.500% senior notes due 2032 on Oct. 13, 2026. It plans to use the proceeds, together with cash on hand, to redeem all outstanding 5.000% senior notes due 2028.
1. Notes refinancing
Minerals Technologies completed the offering of $400 million in 7.500% senior notes due 2032 on Oct. 13, 2026. Interest is payable semi-annually beginning Jan. 15, 2027. The company plans to use the net proceeds, along with cash on hand, to redeem all outstanding 5.000% senior notes due 2028, and also entered a credit agreement amendment tied to the refinancing.
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