From GlobeNewswire: 2024-05-13 23:01:35

MKS Instruments, Inc. announced the pricing of $1.2 billion in convertible senior notes due 2030, upsized from $1.0 billion. Net proceeds estimated at $1,177.7 million, to be used for capped call transactions and repayment of borrowings. The notes will bear interest at 1.25% per annum and mature on June 1, 2030, with an initial conversion price of approximately $154.32 per share. Holders may convert notes prior to maturity under certain conditions. In connection with the pricing, capped call transactions were entered into to reduce potential dilution. The notes are being offered to qualified institutional buyers under Rule 144A.



Read more at GlobeNewswire: MKS Instruments Announces Pricing of Upsized Private