Mattamy plans Wednesday investor call for $100 million tap of its 6½% notes due 2020

By Paul A. Harris

Portland, Ore., March 4 - Mattamy Group Corp. plans to participate in an investor conference call at 11:30 a.m. ET on Wednesday to discuss a proposed $100 million tack-on to its 6½% senior notes due Nov. 15, 2020, according to a syndicate source.

The deal is set to price on Thursday.

Credit Suisse Securities (USA) LLC, RBC Capital Markets Corp. and Citigroup Global Markets are the joint bookrunners for the Rule 144A and Regulation S for life offering.

The notes become callable on Nov. 15, 2015 at 104.875 and feature a 35% equity clawback until Nov. 15, 2015 and a 101% poison put.

The Burlington, Ont.-based residential homebuilder plans to use the proceeds for general corporate purposes.

The original $300 million issue priced at par in November 2012 as part of an overall $500 million equivalent issuance of eight-year senior notes that also included a C$200 million tranche.

The tack-on notes will be immediately fungible with the existing notes.

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