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A&O Shearman guides Mattamy's dual tranche high yield notes offering

A&O Shearman guides Mattamy's dual tranche high yield notes offering
A&O Shearman represented Mattamy Group Corporation in connection with its Rule 144A/Regulation S offering of USD475 million aggregate principal amount of its 6.000% Senior Notes due 2033 and CAD350m aggregate principal amount of its 5.500% Senior Notes due 2032. Mattamy intends to use the net proceeds from this offering to fund the redemptions of its outstanding 5.250% Senior Notes due 2027 and 4.625% Senior Notes due 2028 and to repay certain borrowings under its revolving credit facility.
Mattamy is the largest family-owned homebuilder in North America, with more than 47 years of history across the United States and Canada. Every year, Mattamy helps more than 8,000 families realize their dream of home ownership. In the United States, Mattamy is represented in 11 markets: Dallas, Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its U.S. head office is located), Tampa, Sarasota, Naples, and Southeast Florida. In Canada, its communities stretch across the Greater Toronto Area, Ottawa, Calgary, and Edmonton.

The team was led by U.S. capital markets partners Ryan Robski and Jason Lehner, and associates Youssef Aziz and Jahanvi Pandit, supported by tax partner Larry Crouch, funds and asset management counsel Tom Majewski, and associates Daniel Kachmar and Austin Law.

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