secwatch.observer — SEC 8-K summary
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Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001193125-23-263162
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mativ amends A/R securitization facility to facilitate Engineered Papers sale
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- Amendment repurchases all receivables from Mativ Receivables LLC, the bankruptcy-remote subsidiary.
- Mativ ceases to be an originator but remains servicer and performance guarantor; ownership of subsidiary assigned to Neenah, Inc.
- Maximum Net Debt to EBITDA ratio aligned with the First Lien Credit Agreement level.
- Amendment dated October 20, 2023; counterparties include PNC Bank and other purchasers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000119312523263162/0001193125-23-263162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000119312523263162/d567978d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-263162

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