Minerals Technologies Announces Successful Debt Refinancing [Yahoo! Finance]
Minerals Technologies Inc. (MTX)
Last minerals technologies inc. earnings: 4/30 05:01 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.mineralstech.com/corporate-profile
Company Research
Source: Yahoo! Finance
closing of a new seven-year $575 million senior secured Term Loan B (TLB) along with the increase of its Revolving Credit Facility (Revolver) from $300 million of capacity due 2027 to $400 million due 2029. Proceeds from the TLB will be used to refinance MTI's existing $523 million Term Loan A and repay outstanding Revolver borrowings. This transaction extends the weighted average tenor of MTI's capital structure to more than five years, increases the company's liquidity by $150 million, and is neutral to the company's leverage position. “We are pleased with this refinancing, which reflects the strong credit profile of the company. We improved our balance sheet flexibility by extending maturities and increasing liquidity,” said Erik Aldag, Chief Financial Officer. “Our balance sheet is now even stronger and is well-positioned to support our long-term growth strategy.” About Minerals Technologies Inc. New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driv
Show less
Read more
Impact Snapshot
Event Time:
MTX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MTX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MTX alerts
High impacting Minerals Technologies Inc. news events
Weekly update
A roundup of the hottest topics
MTX
News
- Minerals Technologies Announces Successful Debt RefinancingGlobeNewswire
- Refractory Materials Market for Steel Industry to Grow by USD 2.37 Billion from 2024-2028, Driven by Steel Demand in Construction, Infrastructure, and Automotive, with AI Impact on Market Trends - Technavio [Yahoo! Finance]Yahoo! Finance
- Minerals Technologies Inc. (NYSE: MTX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Minerals Technologies Inc. (MTX): An Undervalued Chemical Stock to Invest In Now [Yahoo! Finance]Yahoo! Finance
- Minerals Technologies Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
MTX
Earnings
- 10/24/24 - Miss
MTX
Sec Filings
- 11/26/24 - Form 8-K
- 10/28/24 - Form S-8
- 10/25/24 - Form 10-Q
- MTX's page on the SEC website