Mativ Holdings Announces Proposed $400 Million Senior Notes Offering to Refinance Debt

Mativ Holdings, Inc.

Company intends to offer $400 million aggregate principal of senior notes due 2029 in a private exempt offering.
Proceeds will redeem its 6.875% Senior Notes due 2026 and repay about $43 million of term loan B borrowings.
For 12 months ended June 30, 2024, Covenant Adjusted EBITDA was $248.3 million and total debt was $1,160.5 million.
Total net debt was $1,027.6 million; ratio of total debt to Covenant Adjusted EBITDA was 4.7x and net debt ratio was 4.1x.
Offering is subject to market and customary conditions; notes and guarantees will be unsecured senior obligations.

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