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Mativ Holdings ( (MATV) ) just unveiled an update.
Mativ Holdings, Inc. has announced a private offering of $400 million in senior notes due 2029, which will be exempt from registration under the Securities Act of 1933. The senior notes will be used to redeem their 6.875% senior notes due in 2026 and to repay a portion of their term loan B facility. These notes will be guaranteed by the company’s subsidiaries and are aimed at qualified institutional buyers and non-U.S. persons. This strategic financial move aims to optimize Mativ’s capital structure and align with its long-term growth initiatives.
See more data about MATV stock on TipRanks’ Stock Analysis page.
