MKS Instruments Files 8-K: Material Agreement & Equity Sales
Ticker: MKSI · Form: 8-K · Filed: May 16, 2024 · CIK: 1049502
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-securities
Related Tickers: MKSI
TL;DR
MKS dropped an 8-K detailing a new material agreement and equity sales.
AI Summary
On May 16, 2024, MKS Instruments, Inc. entered into a material definitive agreement related to a financial obligation. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits.
Why It Matters
This filing indicates significant financial and corporate actions by MKS Instruments, potentially impacting its financial obligations and equity structure.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and financial obligations, which can introduce financial risks.
Key Players & Entities
- MKS Instruments, Inc. (company) — Registrant
- May 16, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did MKS Instruments enter into?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in this summary.
What is the nature of the financial obligation reported?
The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but specific terms are not detailed here.
Were there any unregistered sales of equity securities?
Yes, the filing explicitly mentions 'Unregistered Sales of Equity Securities' as an item of information.
What is the principal executive office address for MKS Instruments?
The principal executive offices are located at 2 Tech Drive, Suite 201, Andover, Massachusetts 01810.
What is the fiscal year end for MKS Instruments?
The fiscal year end for MKS Instruments is December 31.
Filing Stats: 1,839 words · 7 min read · ~6 pages · Grade level 12 · Accepted 2024-05-16 16:21:59
Key Financial Figures
- $1.4 billion — reviously announced private offering of $1.4 billion aggregate principal amount of its conve
- $1.4 b — t of the Notes sold in the offering was $1.4 billion, which includes $200.0 million ag
- $200.0 million — fering was $1.4 billion, which includes $200.0 million aggregate principal amount of Notes iss
- $1,374.2 m — ds from the offering were approximately $1,374.2 million, after deducting the initial purc
- $167.4 million — Company. The Company used approximately $167.4 million of the net proceeds from the offering t
- $1,206.0 million — rom the offering to repay approximately $1,206.0 million in borrowings outstanding under its Fir
- $1,000 — hares of the Company's common stock per $1,000 principal amount of Notes, which is equ
- $154.32 — itial conversion price of approximately $154.32 per share. The conversion rate will be
- $237.42 — set subject to a cap initially equal to $237.42 per share (which represents a premium o
- $118.71 — 0% over the last reported sale price of $118.71 per share of the Company's common stock
Filing Documents
- d806097d8k.htm (8-K) — 38KB
- d806097dex41.htm (EX-4.1) — 596KB
- d806097dex101.htm (EX-10.1) — 249KB
- d806097dex991.htm (EX-99.1) — 15KB
- g806097dsp120.jpg (GRAPHIC) — 42KB
- g806097g0516094627092.jpg (GRAPHIC) — 2KB
- g806097g0516094627379.jpg (GRAPHIC) — 2KB
- g806097g0516094627597.jpg (GRAPHIC) — 2KB
- g806097g0516094627809.jpg (GRAPHIC) — 2KB
- g806097g0516094628058.jpg (GRAPHIC) — 2KB
- g806097g0516094628310.jpg (GRAPHIC) — 3KB
- 0001193125-24-140592.txt ( ) — 1279KB
- mksi-20240516.xsd (EX-101.SCH) — 3KB
- mksi-20240516_lab.xml (EX-101.LAB) — 18KB
- mksi-20240516_pre.xml (EX-101.PRE) — 11KB
- d806097d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 4.1 Indenture, dated May 16, 2024, between MKS Instruments, Inc. and U.S. Bank Trust Company, National Association, as trustee 4.2 Form of Global Note (included within Exhibit 4.1) 10.1 Form of Confirmation for Capped Call Transactions 99.1 Press Release, dated May 16, 2024, of MKS Instruments, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 16, 2024 MKS Instruments, Inc. By: /s/ Kathleen F. Burke Name: Kathleen F. Burke Title: Executive Vice President, General Counsel & Secretary