Mativ closes $400M offering of 8.000% Senior Notes due 2029 to refinance existing debt

Mativ Holdings, Inc.

Issued $400M of 8.000% Senior Notes due 2029 in private placement; interest payable semi-annually Apr 1 and Oct 1 starting Apr 2025.
Proceeds to redeem existing 6.875% Senior Notes due 2026 and repay ~$43M term loan B borrowings.
Notes are senior unsecured obligations; guaranteed by certain existing and future wholly-owned subsidiaries.
Redeemable at any time prior to Oct 2026 at 100% plus make-whole premium; thereafter at 104% (2026), 102% (2027), 100% (2028+).
Change of control repurchase at 101% of principal; most covenants suspended if Notes achieve investment-grade ratings.

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