Item 8.01. Other Events. Pricing of Notes Offering On October 1, 2026, Minerals Technologies Inc. (the “Company”) issued a press release announcing the pricing of the previously announced private offering (the “Offering”) of $400 million aggregate principal amount of its 7.500% senior notes due 2032 (the “Notes”) in a transaction exempt from registration under the Securities Act of 1933, as amende…
Filed Oct 2, 2026Accepted Oct 2, 2026, 4:23 PM EDTCIK 891014Accession 0000950157-26-001063
Minerals Technologies Inc. (NYSE: MTX) is a global, technology-driven specialty minerals company that sources, manufactures, sells, and distributes a wide range of minerals and mineral-based products and services. We utilize our global mineral reserves, combined with our core technologies and applications, to deliver innovative products that are an essential part of everyday life. We serve customers in consumer and industrial markets worldwide, and have 4,000 employees in 34 countries.
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Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
Pricing of Notes Offering
On October 1, 2026, Minerals Technologies Inc.
(the “Company”) issued a press release announcing the pricing of the previously announced private offering (the “Offering”)
of $400 million aggregate principal amount of its 7.500% senior notes due 2032 (the “Notes”) in a transaction exempt from
registration under the Securities Act of 1933, as amended (the “Securities Act”), a copy of which is attached hereto
as Exhibit 99.1 and is incorporated herein by reference. The Offering is expected to close on October 13, 2026, subject to customary
closing conditions.
In connection with the Offering, the Company expects
to amend its credit agreement (the “Credit Agreement Amendment”) to, among other things, increase the size of the revolving
credit facility to $500.0 million and extend the maturity date of the revolving credit facility to the earlier of (i) the fifth anniversary
of the effectiveness of the Credit Agreement Amendment and (ii) 91 days prior to the stated maturity date of the $575.0 million of senior
secured term loans under the credit agreement (the “Term Loans”), unless as of such 91st day, all amounts in excess of $50.0
million of the Term Loans have been either (a) refinanced with indebtedness permitted under the credit agreement maturing later than
90 days after the scheduled maturity date of the Term Loans or (b) discharged or repaid (other than with the proceeds of any indebtedness
maturing earlier than 91 days after the scheduled maturity date of the revolving credit facility). As of the date of this current report
on Form 8-K, the Company has commitments for the full amount of the contemplated Credit Agreement Amendment. Commitments received to
date are subject to satisfactory documentation and certain other conditions. The closing of this Offering is not conditioned on the closing
of the Credit Agreement Amendment. The Credit Agreement Amendment is subject to market and other conditions and there can be no assurance
as to whether or when the Credit Agreement Amendment may be completed on the contemplated terms, if at all.
The Notes and the related guarantees have not been
registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable
state laws.
This current report does not constitute an offer
to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such
state or jurisdiction.
Filed exhibits (1)
EX-99.1 (by filename) ex99-1.htm
Exhibit 99.1
News Release
Minerals Technologies Inc. Announces Pricing
of Private Offering of $400 Million of Senior Notes
NEW YORK, Oct. 1, 2026 (GLOBE NEWSWIRE) -- Minerals Technologies Inc.
(NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today announced the pricing of the previously
announced private offering (the “Offering”) of $400 million aggregate principal amount of its 7.500% senior notes due
2032 (the “Notes”). The initial offering price to investors will be 100.000% of the principal amount thereof. The Notes
will be 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. The Offering is expected to close on October 13, 2026, subject to customary
closing conditions.
MTI intends to use the net proceeds from the Offering, together with cash
on hand, (i) to redeem all of its outstanding 5.000% senior notes due 2028 (the “2028 Notes”) and (ii) to pay transaction
fees and expenses related to the Offering and the concurrent amendment and extension of its revolving credit facility. This press release
does not constitute a…