Mattamy to pay down revolver with $100 million add-on to 6 7/8% notes

By Wendy Van Sickle

Columbus, Ohio, Jan. 13 – Mattamy Group Corp. plans to pay down its revolving credit facility with a $100 million add-on to its 6 7/8% senior notes due Dec. 15, 2023, according to a market source.

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

The Burlington, Ont.-based homebuilder said it will also use some proceeds to repay some mortgages.

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