Mativ Holdings, Inc. Announces Pricing of Its $400 Million Offering of Senior Notes
Mativ Holdings, Inc. (MATV)
Company Research
Source: Business Wire
ALPHARETTA, Ga.--(BUSINESS WIRE)--Mativ Holdings, Inc. (“Mativ” or the “Company”) (NYSE: MATV) today announced that it has priced its previously announced private offering of $400,000,000 in aggregate principal amount of its 8.000% senior notes due 2029 (the “Notes”). The Notes will bear interest at an annual rate of 8.000% and will be issued at a price equal to 100.000% of the principal amount thereof. The offering is expected to close on October 7, 2024, subject to customary closing conditions.The Notes will be senior unsecured obligations of the Company and will be guaranteed by each of the Company’s existing and future wholly owned subsidiaries that is a borrower under or that guarantees obligations under its credit agreement or that guarantees certain other indebtedness, subject to certain exceptions.The Company intends to use the net proceeds from the offering (i) to redeem its 6.875% Senior Notes due 2026 (“2026 Notes”) and (ii) to repay approximately $43 million aggregate
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MATV
Earnings
- 11/6/24 - Miss
MATV
Sec Filings
- 11/15/24 - Form 4
- 11/12/24 - Form 10-Q
- 11/8/24 - Form SC
- MATV's page on the SEC website