Mativ Holdings, Inc. Announces Proposed Private Offering of $400 Million of Senior Notes
Mativ Holdings, Inc. (NYSE: MATV) has announced a private offering of $400 million in senior notes due 2029. The notes will be senior unsecured obligations of the company, guaranteed by certain subsidiaries. Mativ plans to use the proceeds to redeem its 6.875% Senior Notes due 2026 and repay approximately $43 million of outstanding borrowings under its term loan B facility.
The offering is exempt from registration under the Securities Act and will be available only to qualified institutional buyers and non-U.S. persons outside the United States. Mativ is a global leader in specialty materials, operating in two segments: Filtration & Advanced Materials and Sustainable & Adhesive Solutions. The company manufactures on three continents and generates sales in over 100 countries.
Mativ Holdings, Inc. (NYSE: MATV) ha annunciato un'offerta privata di 400 milioni di dollari in note senior con scadenza nel 2029. Le note saranno obbligazioni senior non garantite della società, garantite da alcune sue filiali. Mativ prevede di utilizzare i proventi per riscattare le sue note senior al 6,875% con scadenza nel 2026 e ripagare circa 43 milioni di dollari di prestiti rimanenti nell'ambito della sua linea di prestito B.
L'offerta è esente dalla registrazione ai sensi del Securities Act e sarà disponibile solo per compratori istituzionali qualificati e persone non statunitensi al di fuori degli Stati Uniti. Mativ è un leader globale nei materiali speciali, operando in due segmenti: Filtrazione e Materiali Avanzati e Soluzioni Sostenibili e Adesive. L'azienda produce su tre continenti e genera vendite in oltre 100 paesi.
Mativ Holdings, Inc. (NYSE: MATV) ha anunciado una oferta privada de 400 millones de dólares en notas senior con vencimiento en 2029. Las notas serán obligaciones senior no garantizadas de la empresa, garantizadas por ciertas subsidiarias. Mativ planea utilizar los ingresos para redimir sus Notas Senior del 6.875% con vencimiento en 2026 y pagar aproximadamente 43 millones de dólares de préstamos pendientes bajo su línea de crédito B.
La oferta está exenta de registro bajo la Ley de Valores y estará disponible solo para compradores institucionales calificados y personas no estadounidenses fuera de los Estados Unidos. Mativ es un líder global en materiales especializados, operando en dos segmentos: Filtración y Materiales Avanzados y Soluciones Sostenibles y Adhesivas. La empresa produce en tres continentes y genera ventas en más de 100 países.
Mativ Holdings, Inc. (NYSE: MATV)는 2029년에 만기가 도래하는 4억 달러의 시니어 노트의 사모 발행을 발표했습니다. 이 노트는 회사의 비보장 시니어 채무로, 특정 자회사가 보증합니다. Mativ는 이 수익금을 사용하여 2026년에 만기가 도래하는 6.875% 시니어 노트를 상환하고 약 4천 3백만 달러의 미지급 대출을 상환할 계획입니다.
이번 발행은 증권법에 따른 등록에서 면제되며, 미국 외의 국외에 있는 자격을 갖춘 기관 투자자와 비미국인에게만 제공됩니다. Mativ는 필터링 및 고급 소재, 지속 가능 및 접착 솔루션의 두 개의 세그먼트에서 운영되는 특수 소재의 글로벌 리더입니다. 이 회사는 3대륙에서 생산하고 100개 이상의 국가에서 매출을 올리고 있습니다.
Mativ Holdings, Inc. (NYSE: MATV) a annoncé une offre privée de 400 millions de dollars en obligations senior arrivant à échéance en 2029. Ces obligations seront des engagements senior non garantis de l'entreprise, garantis par certaines filiales. Mativ prévoit d'utiliser les produits pour racheter ses obligations senior de 6,875 % arrivant à échéance en 2026 et rembourser environ 43 millions de dollars de prêts impayés dans le cadre de sa ligne de crédit B.
L'offre est exonérée d'enregistrement en vertu de la loi sur les valeurs mobilières et ne sera disponible que pour des acheteurs institutionnels qualifiés et des personnes non américaines en dehors des États-Unis. Mativ est un leader mondial dans les matériaux spécialisés, opérant dans deux segments : Filtration et Matériaux Avancés et Solutions Durables et Adhésives. L'entreprise fabrique sur trois continents et génère des ventes dans plus de 100 pays.
Mativ Holdings, Inc. (NYSE: MATV) hat eine private Platzierung von 400 Millionen US-Dollar an Senior Notes mit Fälligkeit 2029 angekündigt. Die Notes werden unbesicherte Senior-Verpflichtungen des Unternehmens sein, die von bestimmten Tochtergesellschaften garantiert werden. Mativ plant, die Erlöse zu verwenden, um seine 6,875% Senior Notes mit Fälligkeit 2026 einzulösen und etwa 43 Millionen US-Dollar an ausstehenden Darlehen aus seiner Term Loan B-Fazilität zurückzuzahlen.
Das Angebot ist von der Registrierung gemäß dem Securities Act befreit und wird nur für qualifizierte institutionelle Käufer und Nicht-US-Personen außerhalb der Vereinigten Staaten verfügbar sein. Mativ ist ein globaler Marktführer im Bereich Spezialmaterialien und ist in zwei Segmenten tätig: Filtration & Advanced Materials und Sustainable & Adhesive Solutions. Das Unternehmen produziert auf drei Kontinenten und erzielt Umsätze in über 100 Ländern.
- Refinancing of existing debt with potentially more favorable terms
- Potential reduction in interest expenses
- Strengthening of financial position through debt restructuring
- Increase in total debt by $400 million
- Potential dilution of existing shareholders' value
- Increased financial leverage and associated risks
The Notes and the related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sales would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This press release does not constitute an offer to redeem or sell any of the 2026 Notes and does not constitute a notice of redemption of the 2026 Notes or satisfaction and discharge of the related indenture.
About Mativ
Mativ Holdings, Inc. is a global leader in specialty materials, solving our customers’ most complex challenges by engineering bold, innovative solutions that connect, protect and purify our world. Headquartered in
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”) that are subject to the safe harbor created by the Act and other legal protections. Forward-looking statements include, without limitation, those regarding the incurrence of additional debt and expected maturities of the Company’s debt obligations, the adequacy of our sources of liquidity and capital, acquisition integration and growth prospects, the cost and timing of our restructuring actions, our expectations regarding our organizational realignment plan, the impact of ongoing litigation matters and environmental claims, the amount of capital spending and/or common stock repurchases, future cash flows, purchase accounting impacts, impacts and timing of our ongoing operational excellence and other cost-reduction and cost-optimization initiatives, profitability, and cash flow, the expected benefits and accretion of the merger with Neenah, Inc. and integration, whether the strategic benefits of the EP Divestiture (as defined below) can be achieved and other statements generally identified by words such as “believe,” “expect,” “intend,” “guidance,” “plan,” “forecast,” “potential,” “anticipate,” “confident,” “project,” “appear,” “future,” “should,” “likely,” “could,” “may,” “will,” “typically” and similar words.
These forward-looking statements are prospective in nature and not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which the Company’s business shall operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that may cause actual results to differ materially from our expectations as of the date of this report. These risks include, among other things, those set forth in Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2023, and otherwise in our reports and filings with the Securities and Exchange Commission (“SEC”), as well as the following factors: risks associated with the implementation of our strategic growth initiatives, including diversification, and the Company’s understanding of, and entry into, new industries and technologies; risks associated with acquisitions, dispositions, strategic transactions and global asset realignment initiatives of Mativ, including the recent divestiture of our Engineered Papers business (the “EP Divestiture”); adverse changes in our end-market sectors impacting key customers; changes in the source and intensity of competition in our commercial end-markets; adverse changes in sales or production volumes, pricing and/or manufacturing costs; seasonal or cyclical market and industry fluctuations which may result in reduced net sales and operating profits during certain periods; risks associated with our technological advantages in our intellectual property and the likelihood that our current technological advantages are unable to continue indefinitely; supply chain disruptions, including the failure of one or more material suppliers, including energy, resin, fiber, and chemical suppliers, to supply materials as needed to maintain our product plans and cost structure; increases in operating costs due to inflation and continuing increases in the inflation rate or otherwise, such as labor expense, compensation and benefits costs; our ability to attract and retain key personnel, labor shortages, labor strikes, stoppages or other disruptions; changes in general economic, financial and credit conditions in the
All forward-looking statements made in this press release are qualified by these cautionary statements. Forward-looking statements herein are made only as of the date of this press release, and we do not undertake any obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, or changes in future operating results over time or otherwise.
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Media
Leah Sherman-Jones
Corporate Communications
media@mativ.com
Investor
Chris Kuepper
Director, Investor Relations
investors@mativ.com
Source: Mativ Holdings, Inc.
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