Shearman And Sterling

News December 05, 2019

Mattamy Group Corporation's $500 Million Senior Notes Offering and Cash Tender Offer

Shearman & Sterling advised Mattamy Group Corporation (Mattamy) in connection with its Rule 144A/Regulation S offering of $500 million aggregate principal amount of its 5.250 percent senior notes due 2027. Mattamy used a portion of the net proceeds from the its offering to fund a concurrent abbreviated tender offer to purchase any and all of its 6.875 percent senior notes due 2023 conducted under the SEC’s No Action Letter dated January 23, 2015 regarding abbreviated tender or exchange offers for non-convertible securities.

Mattamy Group Corporation is the largest privately-owned homebuilder in North America, with a 40-year history of operations across the United States and Canada. Every year, Mattamy helps 7,000 families realize their dream of home ownership. In the United States, the company is represented in 10 markets –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, as well as Ottawa, Calgary and Edmonton.

The Team