Minerals Technologies Inc: completed $400,000,000 offering of 7.500% senior notes due 2032

What happened

• The filing says the company completed its previously announced offering of $400,000,000 aggregate principal amount of its 7.500% senior notes due 2032, under an indenture dated Oct 13, 2026, with U.S. Bank Trust Company, National Association as trustee.
• The filing says the company entered into a Refinancing Facility Agreement and Incremental Facility Amendment on Oct 13, 2026 to amend its existing credit agreement, replacing the $400,000,000 revolving facility with a $500,000,000 refinancing revolving facility.

Key details

• Interest on the notes is 7.500% per annum, payable semi‑annually on Jan 15 and Jul 15, beginning Jan 15, 2027.
• The company intends to use net proceeds and cash on hand to (i) redeem all outstanding 5.000% senior notes due 2028 and (ii) pay transaction fees and expenses related to the offering and the Amendment.
• The notes are guaranteed by the company’s wholly owned domestic restricted subsidiaries that are obligors or guarantors under its senior secured credit facilities or certain other indebtedness.
• Redemption terms: at any time prior to Jan 15, 2029 the company may redeem at 100% of principal plus a make‑whole premium; beginning Jan 15, 2029 redemption is at specified redemption prices in the indenture; up to 40% of the notes may be redeemed prior to Jan 15, 2029 with equity offering proceeds at 107.500%; change of control repurchase at 101%.
• The Amendment provides that the refinancing revolving facility matures Oct 13, 2031, and the existing term loan facility ($564,937,500) maturity remains Nov 26, 2031, subject to adjustment as described in the Amendment.

Why it may matter

• Reported items: Item 1.01 (entry into a material definitive agreement) covering the indenture for the notes and the Refinancing Facility Agreement and Incremental Facility Amendment; Item 2.03 (creation of a direct financial obligation) reflecting the issuance of the notes.
• The filing describes covenants and events of default in the indenture, and the Amendment’s key terms for the replacement revolving facility and related maturities. A filing does not show why the insider traded or why the company acted.