Chicago, March 19 – Mattr Corp. priced C$175 million of 7¼% senior notes due 2031 (B+) at par on Tuesday, according to a press release.
The deal was upsized from C$150 million.
National Bank Financial Markets and TD Securities led the syndicate of underwriters.
Distribution is through Rule 144A and Regulation S.
Proceeds will be used to fund the redemption of the company’s outstanding 9% senior notes due 2026.
Toronto-based Mattr is a Canadian materials technology company. It was formerly known as Shawcor Ltd.
| Issuer: | Mattr Corp.
|
| Amount: | C$175 million
|
| Issue: | Senior notes
|
| Maturity: | 2031
|
| Bookrunners: | National Bank Financial Markets and TD Securities
|
| Coupon: | 7¼%
|
| Price: | Par
|
| Yield: | 7¼%
|
| Trade date: | March 19
|
| Settlement date: | April 2
|
| Rating: | S&P: B+
|
| Distribution: | Rule 144A and Regulation S
|
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