Mativ Completes $400 Million Senior Notes Offering
10.07.24
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Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a Rule 144A/Regulation S offering by Mativ Holdings, Inc. (“Mativ”) of $400 million aggregate principal amount of 8.000% Senior Notes due 2029.
Mativ intends to use the net proceeds from the notes offering (i) to redeem its 6.875% Senior Notes due 2026 and (ii) to repay approximately $43 million aggregate principal amount of outstanding borrowings under the term loan B facility under its credit agreement.
Mativ is a global leader in specialty materials, solving its customers’ most complex challenges by engineering bold, innovative solutions that connect, protect and purify the world.
The Simpson Thacher team included Dave Azarkh, John O’Connell, Matt Petrone, Erin Camia and Sebastian Edin (Capital Markets); Jonathan Cantor (Tax); Pasco J. Struhs (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Lori Lesser (Intellectual Property); Abram Ellis and Ryan Stalnaker (Regulatory); and Jennie Getsin (Blue Sky).