debt
confidence high
sentiment neutral
materiality 0.55
Mativ prices $400M of 8.000% senior notes due 2029; proceeds to redeem 2026 notes and repay term loan B
Mativ Holdings, Inc.
- $400M aggregate principal of 8.000% senior notes due 2029 priced at 100% of par.
- Net proceeds used to redeem 6.875% Senior Notes due 2026 and repay ~$43M of term loan B borrowings.
- Offering expected to close on October 7, 2024, subject to customary conditions.
- Notes are senior unsecured obligations guaranteed by certain subsidiaries.