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MKS Plans Comprehensive Capital Structure Refinancing With Lenders

Story Highlights
  • MKS plans a major 2026 refinancing to replace and extend term loans and its revolver.
  • The company aims to keep leverage neutral while lowering interest costs and highlights non-GAAP metrics and acquisition-related risks.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MKS Plans Comprehensive Capital Structure Refinancing With Lenders

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An update from MKS ( (MKSI) ) is now available.

MKS Inc. plans to meet with existing and prospective lenders on January 22, 2026 to discuss a comprehensive refinancing of its capital structure, including replacing its existing $2.2 billion term loan with a new approximately $0.9 billion term loan maturing in 2033, refinancing its existing €0.6 billion term loan with a new facility also maturing in 2033, and enlarging its revolving credit facility from $675 million to $1 billion while extending that facility’s maturity to 2031. The contemplated transactions, which are subject to market conditions and may not close, are designed to be leverage-neutral while extending debt maturities and reducing interest expense, and the company’s accompanying lender presentation emphasizes the use of non-GAAP financial metrics to analyze ongoing business trends and compares past periods, underscoring management’s focus on capital structure optimization amid its exposure to cyclical semiconductor and industrial end markets and risks linked to its Atotech chemicals technology acquisition.

The most recent analyst rating on (MKSI) stock is a Buy with a $227.00 price target. To see the full list of analyst forecasts on MKS stock, see the MKSI Stock Forecast page.

Spark’s Take on MKSI Stock

According to Spark, TipRanks’ AI Analyst, MKSI is a Outperform.

Overall score reflects strong financial performance (especially cash flow) and a technically strong uptrend, reinforced by a positive earnings update and steady guidance. The main offset is valuation risk (high P/E, low yield) alongside overbought technical readings that increase near-term volatility.

To see Spark’s full report on MKSI stock, click here.

More about MKS

MKS Inc. provides foundational technology solutions for leading-edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications, generating $3.83 billion in revenue over the twelve months ended in the third quarter of 2025.

Average Trading Volume: 956,172

Technical Sentiment Signal: Buy

Current Market Cap: $13.7B

Learn more about MKSI stock on TipRanks’ Stock Analysis page.

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