Minerals Technologies Files Chapter 11 Plan, $450M Talc Trust, $290M Q2 Charge

Minerals Technologies filed a Chapter 11 Plan for BMI OldCo that funds a $450 million talc trust and will record a $290 million Q2 charge.Key Highlights:Original SEC Filing: MINERALS TECHNOLOGIES INC [ MTX ] - 8-K - Jun. 29, 2026This is an AI-powered summary. It may contain inaccuracies. Consider v…

Minerals Technologies filed a Chapter 11 Plan for BMI OldCo that funds a $450 million talc trust and will record a $290 million Q2 charge.

Key Highlights:

Filed a Parent Plan in BMI OldCo Chapter 11 cases to meet a Bankruptcy Court deadline.
Plan funds a Talc Personal Injury Trust with $450 million from Non-Debtor Affiliates for talc claims.
Plan seeks a 524(g) channeling injunction to route current and future talc claims to the Trust.
Non-Debtor Affiliates will waive over $100 million in claims against the Debtors.
MTI will record a $290 million charge in Q2 2026 to increase reserves for estimated costs.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.