Entegris, Inc.’s $3.3 Billion Credit Facilities and $2.5 Billion Notes Offerings

Cravath represented the administrative agents, joint lead arrangers and joint bookrunners, in connection with the arrangement of $3.07 billion of senior secured credit facilities and a $275 million senior unsecured bridge facility made available to Entegris, Inc., a leading supplier of advanced materials and process solutions for the semiconductor and other high‑technology industries, in connection with its acquisition of CMC Materials, Inc. The facilities consisted of a $2.495 billion senior secured term loan facility, an upsized $575 million senior secured revolving credit facility and a $275 million senior unsecured bridge facility. The transactions closed on July 6, 2022.

Cravath also represented the initial purchasers in connection with the $1.6 billion 144A/Reg. S secured notes offering and the $895 million 144A/Reg. S senior unsecured notes offering of Entegris Escrow Corporation, which was subsequently merged with and into Entegris, Inc., the proceeds of which were also used to finance Entegris, Inc.’s acquisition of CMC Materials, Inc. The transactions closed on April 14, 2022 and June 30, 2022.

The Cravath team included partner Tatiana Lapushchik, of counsel Kimberly A. Grousset and associates Diane K. Mokoro and Harold C. King on banking matters; partners D. Scott Bennett and C. Daniel Haaren and associates Maurio A. Fiore, Alejandro J. García, Jessica E. Sandor and Nicholas B. Singer on capital markets matters; partner Andrew T. Davis, senior attorney Andrew Carlon and associate Carlos Nicholas Obando on tax matters; and partner Matthew Morreale on environmental matters. Oluwatumise Asebiomo also worked on banking matters and Jamie H. Lee also worked on tax matters.