Mativ amends $1.793B credit facility (higher margins, new covenants); director Rogers not standing for re-election

Mativ Holdings, Inc.

Eighth Amendment effective Dec. 17, 2024; rate margins increased to 2.75% (SOFR/EURIBOR) on revolver/D.D. term loans and 3.00% on Term A Loans at certain leverage levels.
Commitment fee set at 0.45% when net debt/EBITDA >=5.0x; new £504M sterling sub-commitment added under revolving commitments.
Financial covenants amended: min interest coverage 2.50x through Dec 2025 then 2.75x; max net debt/EBITDA 5.50x to 5.25x.
Director John D. Rogers not standing for re-election at 2025 annual meeting; continues as director and Audit Committee Chair until then.

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