secwatch.observer — SEC 8-K summary
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Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0001193125-24-281648
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000119312524281648/0001193125-24-281648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000119312524281648/d903546d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-281648

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