WilmerHale Represents MKS Instruments in Loan Repricing Transaction

• 10.17.2023

On October 3, 2023, MKS Instruments, Inc. (NASDAQ:MKSI), a global provider of enabling technologies that transform our world, announced a successful repricing of its existing $3.6 billion secured tranche B term loans. The lenders agreed to an amendment that results in a reduction of the interest rate for the tranche B term loans from SOFR plus a credit spread adjustment plus 275 basis points to SOFR plus 250 basis points. The repricing eliminated the credit spread adjustment applicable to SOFR borrowings of the tranche B term loans which previously added 10 basis points, 15 basis points, and 25 basis points to one-month, three-month and six-month interest periods, respectively.

The WilmerHale team representing MKS in this transaction included Justin Ochs, Brandt Tierney and Ryan Lombardo.