Mr. Tom Holloway reports

MATTR ANNOUNCES CLOSING OF CREDIT FACILITY EXTENSION

Mattr Corp. has closed on an amendment to its credit facility with Toronto-Dominion Bank and National Bank of Canada as co-lead arrangers and Royal Bank of Canada, JP Morgan Chase Bank, Export Development Canada and ATB Financial as lenders to extend the $300-million senior secured revolving facility until October, 2030.

"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, finance, and chief financial officer. "With this extended maturity and ample liquidity, we are well positioned to continue executing our strategy, support disciplined capital allocation and pursue value-accretive growth opportunities over the years ahead."

About Mattr Corp.

Mattr is a growth-oriented, global material technology company serving critical infrastructure markets, including electrification, transportation, mining, energy, communication and water management. Its two business segments, connection technologies and composite technologies, enable responsible renewal and enhancement of critical infrastructure.