Exhibit 99.1
MATIV HOLDINGS, INC. ANNOUNCES PRICING OF ITS $400 MILLION
OFFERING OF SENIOR NOTES
ALPHARETTA,
GA September 24, 2024 Mativ Holdings, Inc. (Mativ or the Company) (NYSE: MATV) today announced that it has priced its previously announced private offering of $400,000,000 in aggregate principal amount
of its 8.000% senior notes due 2029 (the Notes). The Notes will bear interest at an annual rate of 8.000% and will be issued at a price equal to 100.000% of the principal amount thereof. The offering is expected to close on
October 7, 2024, subject to customary closing conditions.
The Notes will be senior unsecured obligations of the Company and will be guaranteed by
each of the Companys 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 were 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 companys 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 Companys 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 Companys 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