Mativ Holdings To Raie $400M Via Proposed Private Offering of Senior Notes To Repay Debt
Portfolio Pulse from Benzinga Newsdesk
Mativ Holdings, Inc. (NYSE:MATV) is initiating a $400 million private offering of senior notes due 2029 to repay existing debt, including redeeming its 6.875% Senior Notes due 2026 and repaying $43 million under its term loan B facility.
September 23, 2024 | 11:42 am
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Mativ Holdings is raising $400 million through a private offering of senior notes to manage its debt, including redeeming 2026 notes and repaying $43 million under its term loan B facility.
The offering is aimed at improving Mativ's debt structure by redeeming higher interest 2026 notes and repaying part of its term loan. This could positively impact the company's financial health and investor sentiment.
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