Mr. Tom Holloway reports

MATTR ANNOUNCES CLOSING OF ITS CREDIT FACILITY

Mattr Corp. has successfully closed on its credit facility with Toronto-Dominion Bank and National Bank Financial Markets as co-lead arrangers and joint bookrunners, and Royal Bank of Canada, JP Morgan Chase Bank, Export Development Canada and ATB Financial as lenders. The credit facility extends the $300-million (U.S.) senior secured revolving facility through April, 2028.

"This new revolving facility combined with our recently executed bond placement and strong cash position gives Mattr the financial flexibility and balance sheet certainty to further accelerate the profitable growth of our businesses," said Tom Holloway, Mattr's senior vice-president, finance, and chief financial officer. "We will remain opportunistic towards both organic and inorganic initiatives that we expect to create value for all shareholders."

About Mattr Corp.

Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure markets, including transportation, communication, water management, energy and electrification. The company operates through a network of fixed manufacturing facilities. Its two business segments, Composite Technologies and Connection Technologies, enable responsible renewal and enhancement of critical infrastructure while lowering risk and environmental impact.