Mativ Holdings, Inc. Announces Proposed Private Offering of $400 Million 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 commenced a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions, of $400,000,000 in aggregate principal amount of senior notes due 2029 (the “Notes”). 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 principal amount of outstanding borrowings under the term loan B facility under its credit agreement.The Notes and the r
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MATV
News
- Mativ Holdings, Inc. (NYSE: MATV) is now covered by analysts at Stifel Nicolaus. They set a "hold" rating and a $15.50 price target on the stock.MarketBeat
- Mativ Releases 2023 ESG Report Highlighting Key InitiativesBusiness Wire
- Mativ Holdings Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Mativ Holdings (NYSE:MATV) Has Announced A Dividend Of $0.10 [Yahoo! Finance]Yahoo! Finance
- Mativ Holdings Inc (MATV) Q3 2024 Earnings Call Highlights: Strategic Growth Amidst Market ... [Yahoo! Finance]Yahoo! Finance
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