secwatch.observer — SEC 8-K summary
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Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001193125-24-223266
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000119312524223266/0001193125-24-223266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000119312524223266/d862011d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-223266

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