Mativ amends credit agreement to replace LIBOR with Term SOFR and EURIBOR rates

Mativ Holdings, Inc.

Sixth Amendment to $1.793B credit agreement replaces LIBOR with Term SOFR for USD loans and EURIBOR for EUR loans, effective July 1, 2023.
All other material terms, including borrowing capacity and covenants, remain unchanged from the prior agreement.
Amendment effectuated under existing Benchmark Replacement provisions; no new negotiations or cost changes.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Mativ Holdings, Inc. amended Sixth Amendment valued at $1.793 billion (effective 2023-06-05).

Action: amendment
Agreement: credit facility
Value: $1.793 billion
Effective: 2023-06-05

Exact text from the filing

On June 5, 2023, Mativ Holdings, Inc. (“Mativ”) entered into the Sixth Amendment (the “Amendment”) to Mativ’s $1.793 billion multicurrency credit agreement, dated as of September 25, 2018 (the “Prior Agreement”, and the Prior Agreement as amended by the Amendment, the “Amended Credit Agreement”).

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Source: SEC EDGAR

accession 0001193125-23-162591

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