Mattr extends $300 million credit facility to October 2030

Mattr Corp. (TSX: MATR) closed an amendment to extend its $300 million senior secured revolving credit facility until October 2030, according to a company statement.

The Toronto-based materials technology company worked with The Toronto-Dominion Bank and National Bank of Canada as co-lead arrangers for the extension. Royal Bank of Canada, JP Morgan Chase Bank, Export Development Canada and ATB Financial serve as lenders in the facility.

"The extension of our credit facility further strengthens our balance sheet and provides us with additional long‑term financial flexibility despite market uncertainties," said Tom Holloway, Mattr's senior vice president of finance and chief financial officer.

Mattr operates two business segments: Connection Technologies and Composite Technologies. The company serves infrastructure markets including electrification, transportation, mining, energy, communication, and water management.

The information is based on a company press release statement.

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