Entegris Announces Proposed $400 Million Senior Unsecured Notes Offering
Entegris (NASDAQ: ENTG) has announced a private offering of $400 million in senior unsecured notes due 2029. The proceeds will be utilized to redeem $550 million in outstanding notes due 2026 and cover related fees. The offering is contingent on market conditions and will target qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The 2029 Notes will not be registered under the Securities Act. Entegris is a leading supplier in the semiconductor industry with global manufacturing and service facilities.
- Offering $400 million in senior unsecured notes due 2029.
- Intended use of proceeds for redeeming existing notes indicates proactive debt management.
- Market conditions may affect the successful completion of the offering.
- Risk factors include the impact of COVID-19 on financial markets.
Entegris, Inc. (NASDAQ: ENTG) (the “Company”) today announced that it intends to offer
The Company intends to use the net proceeds of the offering, together with cash on hand and
The 2029 Notes will be offered by the initial purchasers to “qualified institutional buyers” in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The 2029 Notes have not been, and will not be, registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the 2029 Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.
ABOUT ENTEGRIS
Entegris is a world-class supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. Entegris is ISO 9001 certified and has manufacturing, customer service and/or research facilities in the United States, Canada, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan.
Forward-Looking Statements
This news release contains forward-looking statements. The words “believe,” “expect,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements related to the Company’s intentions regarding the timing and completion of the offering; the intended use of proceeds; and other matters. These statements involve risks and uncertainties, and actual results may differ. These risks and uncertainties include, but are not limited to, our ability to consummate the offering; market conditions relating to the issuance of debt securities; risks related to the effect of the COVID-19 pandemic on the global economy, financial markets and our business; and other risk factors and additional information described in our filings with the Securities and Exchange Commission, including under the heading “Risk Factors” in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed on February 5, 2021, and in our other periodic filings. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
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FAQ
What is the amount of the senior unsecured notes Entegris is offering?
What will the proceeds from the 2029 Notes be used for?
What risks are associated with the new offering by Entegris?
Who can purchase Entegris's 2029 Notes?
