Mattr Corp. Announces Pricing of Debt Subscription Receipts

TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) --  Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that it has entered into an underwriting agreement to sell, pursuant to a private placement offering (the “Offering”), 125,000 debt subscription receipts (the “Subscription Receipts”) at a price of $1,018.75 per Subscription Receipt (yield to maturity of 6.375%), plus accrued but unpaid interest on the underlying Note (as defined below) from October 2, 2024 to, but excluding the closing of the Offering, for an aggregate issue price of $1,034 and gross proceeds to the Company of approximately $129.3 million. Each Subscription Receipt will entitle the holder thereof to receive, upon the satisfaction of certain conditions and without payment of additional consideration or further action, a newly authenticated 7.25% senior unsecured note of the Company due April 2, 2031, in a principal amount of $1,000 (collectively for all Subscription Receipts, the “Notes”). The Notes shall be issued as “Additional Notes” pursuant to the trust indenture dated April 2, 2024 between TSX Trust Company and the Company, as supplemented by a supplemental indenture, such that, following the issuance thereof, $300 million aggregate principal amount of 7.25% senior unsecured notes of the Company due April 2, 2031, will be outstanding.

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