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Mattr Corp. has successfully closed on its credit facility, extending a US$300 million senior secured revolving facility through April 2028. The Company secured the Credit Facility with leading financial institutions, providing financial flexibility for growth opportunities.
Mattr Corp. ha chiuso con successo la sua linea di credito, estendendo una facilità di credito revolving garantita senior da 300 milioni di dollari fino ad aprile 2028. La società ha ottenuto la facilità di credito tramite istituzioni finanziarie di primo piano, assicurando flessibilità finanziaria per future opportunità di crescita.
Mattr Corp. ha cerrado con éxito su facilidad de crédito, extendiendo una facilidad renovable asegurada senior de US$300 millones hasta abril de 2028. La compañía aseguró la facilidad de crédito con instituciones financieras líderes, proporcionando flexibilidad financiera para oportunidades de crecimiento.
Mattr Corp.는 신용 시설을 성공적으로 마감하여 2028년 4월까지 3억 달러의 시니어 보장 회전 신용 시설을 연장했습니다. 회사는 선도적인 금융 기관들과 함께 신용 시설을 확보하여 성장 기회를 위한 재무적 유연성을 제공하였습니다.
Mattr Corp. a clôturé avec succès sa facilité de crédit, prolongeant une facilité renouvelable sécurisée senior de 300 millions de dollars jusqu'en avril 2028. La société a obtenu la facilité de crédit auprès d'institutions financières de premier plan, offrant une flexibilité financière pour des opportunités de croissance.
Mattr Corp. hat erfolgreich seine Kreditlinie abgeschlossen, eine gesicherte revolvierende Senior-Kreditlinie von 300 Millionen US-Dollar bis April 2028 verlängert. Das Unternehmen sicherte die Kreditfazilität mit führenden Finanzinstitutionen, um finanzielle Flexibilität für Wachstumsmöglichkeiten zu bieten.
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TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced that it has successfully closed on its credit facility (the “Credit Facility”) with The Toronto-Dominion Bank and National Bank Financial Markets as Co-Lead Arrangers and Joint Bookrunners, and Royal Bank of Canada, JP Morgan Chase Bank, Export Development Canada and ATB Financial as lenders. The Credit Facility extends the US$300 million senior secured revolving facility through April 2028.
“This new revolving facility combined with our recently executed bond placement and strong cash position gives Mattr the financial flexibility and balance sheet certainty to further accelerate the profitable growth of our businesses,” said Tom Holloway, Mattr’s SVP, Finance and CFO. “We will remain opportunistic towards both organic and inorganic initiatives that we expect to create value for all shareholders.”
About Mattr
Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure markets, including transportation, communication, water management, energy and electrification. The Company operates through a network of fixed manufacturing facilities. Its two business segments, Composite Technologies and Connection Technologies, enable responsible renewal and enhancement of critical infrastructure while lowering risk and environmental impact.
What is the news about Mattr Corp.'s credit facility?
Mattr Corp. has closed on its credit facility, extending a US$300 million senior secured revolving facility through April 2028.
Who are the Co-Lead Arrangers and Joint Bookrunners for Mattr Corp.'s Credit Facility?
The Co-Lead Arrangers and Joint Bookrunners for Mattr Corp.'s Credit Facility are The Toronto-Dominion Bank and National Bank Financial Markets.
Which financial institutions are lenders in Mattr Corp.'s Credit Facility?
The lenders in Mattr Corp.'s Credit Facility are Royal Bank of Canada, JP Morgan Chase Bank, Export Development Canada, and ATB Financial.
What does the Credit Facility extension provide Mattr Corp.?
The Credit Facility extension provides Mattr Corp. financial flexibility and balance sheet certainty to accelerate profitable growth.
Who commented on the closing of Mattr Corp.'s Credit Facility?
Tom Holloway, Mattr's SVP, Finance and CFO, commented on the closing of the Credit Facility, emphasizing the company's strategic initiatives for value creation.
