Shearman And Sterling

News Mar 05, 2020

Mattamy Group Corp.'s Million Dual-Tranche Senior Notes Offering and Cash Tender Offer

Shearman & Sterling advised Mattamy Group Corporation in connection with its Rule 144A/Regulation S offering of US$600 million aggregate principal amount of its 4.625 percent senior notes due 2030 and CND$250 million aggregate principal amount of its 4.625 percent senior notes due 2028. Mattamy used a portion of the net proceeds from the offering to fund a concurrent abbreviated tender offer to purchase any and all of its USD 6.500 percent senior notes due 2025 and CND 6.500 percent senior notes due 2025 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 8,000 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, and Alberta.

The Shearman & Sterling team below included associate Reuben Dacher-Shapiro.

The Team

Regional Experience