$MKSI entered into an interest rate swap agreement to fix the rate on approx. 50% of its remaining outstanding term loan balance. The swap converts the floating rate on $335MM of the outstanding principal amount of the term loan to a fixed interest rate of 4.70% through September 2020.

$MKSI made a $50MM voluntary principal prepayment on its term loan. This prepayment is in addition to the prepayments of $175MM made in the first three quarters of 2017 and reduces the outstanding term loan to $398MM as of Nov 30, 2017, down from $780MM at origination.

Engineering firm $MKSI said S&P Global Ratings has raised its corporate credit rating to 'BB ' from 'BB' on improved credit metrics. Also, the issue-level rating on the company's senior secured term loan was upgraded to investment grade 'BBB-' with a stable outlook. The upgrade mainly reflects MKS Instruments' improved financial metrics.

Dr Mark Gitin has joined $MKSI as VP and GM, Photonics Business Unit. He was most recently VP and GM of Coherent's Diode Laser, Fiber and Systems Group.

Technology firm $MKSI said it made a $75MM voluntary pre-payment on its term loan, reducing the outstanding principal amount to $448MM from $780MM at origination. Through pre-payments of loan, the company has reduced its annualized non-GAAP interest expense by over 55% in over a year.

$MKSI said that Moody's Investors Service upgraded the company's Corporate Family Rating to Ba1 from Ba2 and upgraded the company's senior secured term loan to Ba1 from Ba2. The Moody's analysis cited debt repayment and ongoing operating performance improvement as $MKSI capitalizes on growing demand for its products.

$MKSI's BoD authorized a quarterly cash dividend of $0.175 per share. The dividend is payable on Sept. 8, 2017 to shareholders of record as of Aug. 28, 2017.

Manufacturing solutions provider $MKSI made a $50MM voluntary principal prepayment on its term loan, in addition to the scheduled payment of $1.6MM. The payment has reduced the outstanding principal amount to $523MM from $780MM.

$MKSI's BoD authorized a quarterly cash dividend of $0.175 per share. The dividend is payable on June 9, 2017 to shareholders of record as of May 29, 2017.

$MKSI, a provider of technologies that enable advanced processes and improve productivity, has completed the sale of its Data Analytics Solutions business to Sartorius Stedim Biotech, a supplier to the biopharmaceutical industry, for $72.5MM in a cash and debt-free basis.

$MKSI made a $50MM voluntary principal prepayment on its term loan. This prepayment is in addition to a scheduled principal payment of $1.6MM, and lowers the outstanding principal amount of the term loan to $575MM as of March 31, 2017, down from $780MM at origination.

$MKSI's BoD authorized a quarterly cash dividend of $0.175 per share, an increase of 3% from its 4Q16 dividend. The dividend is payable on March 10, 2017 to shareholders of record as of Feb. 27, 2017.

$MKSI appointed Vikram Singh as VP and General Manager, Plasma & Reactive Gas Solutions and Power Solutions Business Units within the Vacuum and Analysis Division. Singh was most recently at $AMAT as Managing Director of New Business and Technology Development.

$MKSI's BoD authorized a quarterly cash dividend of $0.17 per share. The dividend is payable on Dec. 9, 2016 to shareholders of record on Nov. 28, 2016.

$MKSI's BoD declared a quarterly cash dividend of $0.17 per share. The dividend is payable on Dec. 9, 2016 to shareholders of record on Nov. 28, 2016.

$MKSI entered into an interest rate swap agreement to fix the rate on approx. 50% of its remaining outstanding term loan balance. The swap converts the floating rate on $335MM of the outstanding principal amount of the term loan to a fixed interest rate of 4.70% through September 2020.

$MKSI made a $60MM voluntary principal prepayment on its term loan, through a tax efficient repatriation of cash from international operations.  This prepayment is in addition to a scheduled principal payment of $1.8MM and reduces the outstanding principal amount of the term loan to $668MM as of September 30, 2016.

Additionally, $MKSI said it repaid $50MM in principal on the term loan reducing the outstanding principal amount to $730MM. The proceeds of the term loan were used to fund MKS' acquisition of Newport Corporation which closed on April 29, 2016. The term loan is rated BB by S&P and Ba2 by Moody's.

$MKSI said it had a successful repricing of its existing secured term loan. The lenders have agreed to an amendment which results in a reduction of the interest rate spread on the term loan by 50 BP from LIBOR plus 4.00% to LIBOR plus 3.50% with a 0.75% floor on LIBOR.

$MKSI said it has led a round of financing for Reno Sub Systems, investing $9.3MM as part of a $14MM series B round including participation by existing strategic investors Intel Capital and a leading OEM equipment supplier.

$MKSI announced that its board of directors has authorized a quarterly cash dividend of $0.17 per share, payable on June 10, 2016 to shareholders of record as of May 30, 2016.