October 3, 2016 / 8:36 PM / 10 months ago

BRIEF-MKS Instruments makes a voluntary $60 million prepayment on its term loan

Oct 3 (Reuters) - Mks Instruments Inc

* MKS Instruments makes a voluntary $60 million prepayment on its term loan and enters into an interest rate swap agreement

* MKS Instruments Inc says prepayment was made through a tax efficient repatriation of cash from international operations

* Entered into an interest rate swap agreement to fix rate on approximately 50% of its remaining outstanding term loan balance

* Swap converts floating rate on $335 million of term loan to a fixed interest rate of 4.70% through September 2020

* Prepayment in addition to scheduled principal payment of $1.8 million, reduces outstanding principal amount of term loan to $668 million as of Sept 30 Source text for Eikon: Further company coverage:

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