Versum Materials Completes Repricing of Term Loan
10 Ottobre 2017 - 10:30PM
Business Wire
Versum Materials, Inc. (NYSE:VSM), a leading global specialty
materials supplier to the semiconductor industry, announced today
that it completed the successful repricing of its existing $569
million Senior Secured Term Loan B. Under the amended term loan,
the interest rate will be reduced to LIBOR plus 2.0% with a minimum
floor of 0.0% from LIBOR plus 2.5% with a LIBOR floor of 0.75%. The
amendment also provides for a step-down to LIBOR plus 1.75% upon
achieving a total debt to consolidated EBITDA ratio of equal to or
less than 2 to 1 times.
About Versum Materials
Versum Materials, Inc. (NYSE:VSM) is a leading global specialty
materials company providing high-purity chemicals and gases,
delivery systems, services and materials expertise to meet the
evolving needs of the global semiconductor and display industries.
Derived from the Latin word for “toward,” the name “Versum”
communicates the company’s deep commitment to helping customers
move toward the future by collaborating, innovating and creating
cutting-edge solutions.
A global leader in technology, quality, safety and reliability,
Versum Materials is one of the world’s leading suppliers of next
generation CMP slurries, ultra-thin dielectric and metal film
precursors, formulated cleans and etching products, and delivery
equipment that has revolutionized the semiconductor industry.
Versum, which began trading October 3, 2016 on the NYSE, reported
annual sales of about US$1 billion, has approximately 2,000
employees and operates 10 major facilities in Asia and the North
America. It is headquartered in Tempe, Ariz. Versum had operated
for more than three decades as a division of Air Products and
Chemicals, Inc. (NYSE: APD).
For additional information, please visit
http://www.versummaterials.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171010005733/en/
Versum Materials, Inc.Investor Inquiries:Nahla A. Azmy,
484-222-4687Nahla.Azmy@versummaterials.comorMedia
Inquiries:Tiffany Zinn,
480-282-6475Tiffany.Zinn@versummaterials.com
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