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11.03.2014 22:54:00
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Entegris Inc. -- Moody's rates Entegris, Inc. debt -- CFR at B1, Outlook stable
New York, March 11, 2014 -- Moody's Investors Service, ("Moody's") assigned ratings to the debt of Entegris, Inc. ("Entegris") --Corporate Family Rating ("CFR") at B1, Probability of Default at B1-PD, Speculative Grade Liquidity Rating at SGL-2, the $460 million Senior Secured Term Loan at Ba3, and the $360 million Senior Notes at B3. The proceeds of the financing, along with cash of $389 million, will be used to fund Entegris's$1.1 billion acquisition of ATMI, Inc. ("ATMI"). The rating outlook is stable.
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