secwatch.observer — SEC 8-K summary
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Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0001193125-24-233783
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000119312524233783/0001193125-24-233783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000119312524233783/d811403d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-233783

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