Minerals Technologies launches $400M senior notes offering due 2034

Minerals Technologies Inc. (NYSE: MTX) announced the commencement of a private offering of $400 million in aggregate principal amount of senior notes due 2034, according to a company press release.

The company said it intends to use the net proceeds from the offering, together with cash on hand, to redeem all of its outstanding 5.000% senior notes due 2028 and to pay transaction fees and expenses related to the offering and a concurrent amendment and extension of its revolving credit facility.

The notes and related guarantees will be offered in a private placement exempt from the registration requirements of the Securities Act of 1933. The offering will be limited to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S.

The notes have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption. The company noted that no assurance can be made that the offering will be completed on its proposed terms or at all.

Minerals Technologies is a specialty minerals company with approximately 4,000 employees operating in 34 countries.

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