---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-286727"
form_type: "8-K"
ticker: "MATV"
cik: "0001000623"
company_name: "Mativ Holdings, Inc."
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:07:36.334380+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mativ completes sale of Engineered Papers for $620M; debt to drop ~$600M

## Summary
- Gross purchase price of $620M in cash, subject to customary adjustments.
- Net debt reduction of more than $600M, equivalent to ~35% of Q3 2023 outstanding debt.
- Over 80% of go-forward revenue will come from Advanced Technical Materials segment.
- Transaction expected to close in early December 2023; aligns with strategy to focus on specialty materials and delever.

## SEC filing metadata
- accession: 0001193125-23-286727
- form_type: 8-K
- ticker: MATV
- cik: 0001000623
- company_name: Mativ Holdings, Inc.
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000623/000119312523286727/0001193125-23-286727-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000623/000119312523286727/d522546d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-286727
- JSON: https://secwatch.observer/filing/0001193125-23-286727.json
- Plain text: https://secwatch.observer/filing/0001193125-23-286727.txt

## Key facts
- M&A Transactions
  Mativ Holdings, Inc. completed a disposition involving Evergreen Hill Enterprise, Pte. Ltd. (affiliate of PT Bukit Muria Jaya) for $620 million in cash (closed 2023-11-30).
  - Action: disposition
  - Counterparty: Evergreen Hill Enterprise, Pte. Ltd. (affiliate of PT Bukit Muria Jaya)
  - Consideration: $620 million in cash
  - Closing: 2023-11-30
  source text: the EP Divestiture on October 4, 2023. On November 30, 2023 Buyer and the Company completed the EP Divestiture pursuant to the Purchase Agreement. The gross purchase price was $620 million in cash, subject to certain customary adjustments as set forth in the Purchase Agreement. The foregoing description of the Purchase Agreement is qualified in its entirety by
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000623/000119312523286727/0001193125-23-286727-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.