05:32 PM EST, 11/26/2024 (MT Newswires) -- Minerals Technologies ( MTX ) said late Tuesday it closed a new $575 million, seven-year senior secured term loan B and increased its revolving credit facility to $400 million due 2029 from $300 million due 2027.

The company said it will use the proceeds from the term loan to refinance its existing $523 million term loan A and repay outstanding revolver borrowings.