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Mattr to use note proceeds to redeem C$150 million of 9% senior notes at 104.5
By Mary-Katherine Stinson
Lexington, Ky., March 19 – Mattr Corp. will issue a conditional notice of redemption for its C$150 million of 9% senior notes due 2026, according to a press release.
The notes will be redeemed at 104.5 plus accrued interest.
The redemption is conditioned on the completion of a new issue of 7¼% senior notes due 2031. Mattr will use the new notes to refinance the 2026 notes.
The redemption is expected to be completed one business day following the closing of the 2031 note offering, which is expected to settle on April 2.
Toronto-based Mattr is a Canadian materials technology company. It was formerly known as Shawcor Ltd.
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