Exhibit 99.1
MATIV HOLDINGS, INC. ANNOUNCES PROPOSED PRIVATE OFFERING
OF $400 MILLION OF SENIOR NOTES
ALPHARETTA, GA – September 23, 2024 – Mativ Holdings, Inc. (“Mativ” or the “Company”) (NYSE:
MATV) today announced that it has commenced a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions, of $400,000,000 in aggregate
principal amount of senior notes due 2029 (the “Notes”). The Notes will be senior unsecured obligations of the Company and will be guaranteed by each of the Company’s existing and future wholly owned subsidiaries that is a borrower
under or that guarantees obligations under its credit agreement or that guarantees certain other indebtedness, subject to certain exceptions. The Company intends to use the net proceeds from the offering (i) to redeem its 6.875% Senior Notes
due 2026 (“2026 Notes”) and (ii) to repay approximately $43 million aggregate principal amount of outstanding borrowings under the term loan B facility under its credit agreement.
The Notes and the related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the
Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The Notes and the related guarantees have not been and will not be registered under the
Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements under the Securities Act and any applicable securities
laws of any other jurisdiction.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor
shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sales would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This press release does not constitute an
offer to redeem or sell any of the 2026 Notes and does not constitute a notice of redemption of the 2026 Notes or satisfaction and discharge of the related indenture.
About Mativ
Mativ Holdings, Inc. is a global
leader in specialty materials, solving our customers’ most complex challenges by engineering bold, innovative solutions that connect, protect and purify our world. Headquartered in Alpharetta, Georgia, we manufacture on three continents and
generate sales in over 100 countries through our family of business-to-business and consumer product brands. The company’s two operating segments,
Filtration & Advanced Materials and Sustainable & Adhesive Solutions, target premium applications across diversified and growing categories. Our broad portfolio of technologies combines polymers, fibers and resins to optimize the
performance of our customers’ products across multiple stages of the value chain. Our leading positions are a testament to our best-in-class global manufacturing,
supply chain and materials science capabilities. We drive innovation and enhance performance, finding potential in the impossible.
Forward-Looking
Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the
“Act”) that are subject to the safe harbor created by the Act and other legal protections. Forward-looking statements include, without limitation, those regarding the incurrence of additional debt and expected maturities of the
Company’s debt obligations, the adequacy of our sources of liquidity and capital, acquisition integration and growth prospects, the cost and timing of our restructuring actions, our expectations regarding our organizational realignment plan,
the impact of ongoing litigation matters and environmental claims, the amount of capital spending and/or common stock repurchases, future cash flows, purchase accounting impacts, impacts and timing of our ongoing operational excellence and other
cost-reduction and cost-optimization initiatives, profitability, and cash flow, the expected benefits and accretion of the merger with Neenah, Inc. and integration, whether the strategic benefits of the EP Divestiture (as defined below) can be
achieved and other statements generally identified by words such as “believe,” “expect,” “intend,” “guidance,” “plan,” “forecast,” “potential,” “anticipate,”
“confident,” “project,” “appear,” “future,” “should,” “likely,” “could,” “may,” “will,” “typically” and similar words.
These forward-looking statements are prospective in nature and not based on historical facts, but rather on current expectations and on numerous assumptions
regarding the business strategies and the environment in which the Company’s business shall operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by
those statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that may cause actual results to differ materially from our expectations as of the date of this report. These risks include,
among other things, those set forth in Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2023, and otherwise in our reports