We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
MKS Instruments Lowers Debt on Loan Repayment & Reprise
Read MoreHide Full Article
MKS Instruments, Inc.’s (MKSI - Free Report) deleveraging strategy remains on track, as the company further reduced its debt by $40 million through a voluntary principle prepayment of term loan. Moreover, the company has successfully reprised its term loan for the second time.
MKS Instruments’ shares look bullish at the moment. We believe that this Zacks Rank #1 (Strong Buy) stock is worth being part of your portfolio. This is because the company’s shares recorded an average return of 21.08% – outperforming 13.33% returns provided by the Zacks categorized Electronic Manufacturing-Machinery industry; post release of robust third-quarter 2016 (Oct 26, 2016) results.
Notably, the attractiveness of this stock as a current investment choice is further accentuated by its favorable Growth Style Score ‘B’.
Inside the Headlines
MKS Instruments has effectively reprised its term loan for the second time. The company stated that the lenders have settled to an adjustment that results in a cut down on the term loans’ interest spread by 75 basis points to LIBOR plus 2.75% from LIBOR plus 3.50%.
In addition, the company lowered its term loan by $40 million through a voluntary principle prepayment of term loan. This move reduced its outstanding principle to $628 million from $780 million, at origination.
Both the above mentioned moves are in sync with the company’s motto to lower the cost of capital and deleverage its balance sheet. Since the origination of these initiatives (Apr 29, 2016), MKS Instruments has lowered its non-GAAP interest expense by $13.9 million, on a yearly basis. The company has made voluntary prepayments worth $150 million, during the same time frame.
Other Picks
Other similarly-ranked stocks in the industry include Applied Optoelectronics, Inc. (AAOI - Free Report) , Advanced Energy Industries, Inc. (AEIS - Free Report) and Applied Materials, Inc. (AMAT - Free Report) .
Advanced Energy Industries, Inc. has an average positive earnings surprise of 12.31% for the trailing four quarters.
Applied Materials, Inc.’s average positive earnings surprise is 4.54% for the trailing four quarters.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
MKS Instruments Lowers Debt on Loan Repayment & Reprise
MKS Instruments, Inc.’s (MKSI - Free Report) deleveraging strategy remains on track, as the company further reduced its debt by $40 million through a voluntary principle prepayment of term loan. Moreover, the company has successfully reprised its term loan for the second time.
MKS Instruments’ shares look bullish at the moment. We believe that this Zacks Rank #1 (Strong Buy) stock is worth being part of your portfolio. This is because the company’s shares recorded an average return of 21.08% – outperforming 13.33% returns provided by the Zacks categorized Electronic Manufacturing-Machinery industry; post release of robust third-quarter 2016 (Oct 26, 2016) results.
Notably, the attractiveness of this stock as a current investment choice is further accentuated by its favorable Growth Style Score ‘B’.
Inside the Headlines
MKS Instruments has effectively reprised its term loan for the second time. The company stated that the lenders have settled to an adjustment that results in a cut down on the term loans’ interest spread by 75 basis points to LIBOR plus 2.75% from LIBOR plus 3.50%.
In addition, the company lowered its term loan by $40 million through a voluntary principle prepayment of term loan. This move reduced its outstanding principle to $628 million from $780 million, at origination.
Both the above mentioned moves are in sync with the company’s motto to lower the cost of capital and deleverage its balance sheet. Since the origination of these initiatives (Apr 29, 2016), MKS Instruments has lowered its non-GAAP interest expense by $13.9 million, on a yearly basis. The company has made voluntary prepayments worth $150 million, during the same time frame.
Other Picks
Other similarly-ranked stocks in the industry include Applied Optoelectronics, Inc. (AAOI - Free Report) , Advanced Energy Industries, Inc. (AEIS - Free Report) and Applied Materials, Inc. (AMAT - Free Report) .
Applied Optoelectronics, Inc. has an average positive earnings surprise of 106.74% for the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
Advanced Energy Industries, Inc. has an average positive earnings surprise of 12.31% for the trailing four quarters.
Applied Materials, Inc.’s average positive earnings surprise is 4.54% for the trailing four quarters.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>