secwatch.observer — SEC 8-K summary
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Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K/A
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001193125-23-289903
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Mativ completes sale of Engineered Papers for $620M cash, reduces debt by $641M
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- Gross purchase price $620M cash; net proceeds ~$669M after adjustments; debt repayment of $641M.
- Pro forma 2022 net loss from continuing ops widened to $69.8M (vs historical $7.5M loss) due to EP profits removed.
- Pro forma balance sheet: debt reduced from $1.7B to $1.06B; equity increased to $982M from $673M.
- Goodwill impairment of $401M recorded in nine months ended Sep 2023; not adjusted in pro forma.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000119312523289903/0001193125-23-289903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000119312523289903/d935286d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-289903

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