Mattr Corp. Secures $300M Credit Line to Fuel Infrastructure Growth

TORONTO, ON – April 02, 2026 – Mattr Corp., a global materials technology company, has successfully secured a long-term extension on its primary credit facility, a move that signals strong lender confidence and provides significant financial runway as it navigates a period of strategic expansion and post-acquisition debt management.

The Toronto-based company announced it has amended its US$300 million senior secured revolving credit facility, pushing its maturity date to October 2030. The deal, co-led by The Toronto-Dominion Bank and National Bank of Canada, includes a powerful syndicate of lenders such as Royal Bank of Canada, JP Morgan Chase Bank, Export Development Canada, and ATB Financial. This broad support from major financial institutions underscores a collective belief in Mattr’s business model and its crucial role in the burgeoning critical infrastructure sector.

“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 SVP Finance and CFO, in a statement. “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.”

This financial maneuver comes at a pivotal moment for the company, which recently expanded its North American footprint with a major acquisition and is investing heavily in modernizing its production capabilities.

A Vote of Confidence Amidst Market Headwinds

Securing a long-term, multi-lender credit facility in the current economic climate is a notable achievement. With central banks in North America maintaining a cautious stance on interest rates to combat inflation, the corporate lending market has become more selective. Lenders are increasingly prioritizing companies with resilient business models, clear growth paths, and strong management.

Mattr's success in extending its credit line to the end of the decade is a powerful testament to its perceived stability. The participation of a diverse group of prominent Canadian and international banks indicates a thorough and positive assessment of the company's creditworthiness and its strategic positioning. This consensus suggests that financiers view the critical infrastructure markets—including electrification, transportation, and water management—as a durable and essential engine for long-term economic activity, insulating companies like Mattr from more volatile market cycles.

The extension provides a stable, flexible source of capital, allowing the company to plan for the long term without the near-term pressure of refinancing negotiations. This stability is crucial as Mattr executes its multi-year strategic initiatives, providing a buffer against potential market turbulence and ensuring access to liquidity when needed for operational or strategic purposes.

Fueling a North American Infrastructure Push

The extended credit facility is more than a line on a balance sheet; it is the financial backbone for Mattr's ambitious growth strategy, which is heavily focused on capitalizing on the massive wave of infrastructure investment across North America.

A key pillar of this strategy is the company's Modernization, Expansion, and Optimization (MEO) program. This multi-year initiative involves significant capital investment to upgrade and expand its North American manufacturing footprint. Several new production lines were scheduled to come online through 2024 and 2025, aimed at increasing capacity and efficiency for its two core segments: Composite Technologies and Connection Technologies.

The Connection Technologies segment, in particular, is poised for significant growth, driven by the global push for electrification and energy transition. This was dramatically accelerated by the acquisition of AmerCable in January 2025, a move that significantly expanded Mattr’s presence in the North American wire and cable market. The acquisition was a primary driver behind the company’s impressive 43.3% year-over-year revenue growth in fiscal 2025.

Meanwhile, the Composite Technologies segment continues to see strong demand. Its Xerxes business, which produces underground storage tanks for water and fuel, has set new revenue records, while its Flexpipe products, used in the energy and water sectors, are gaining market share, especially in larger diameter formats. The financial flexibility afforded by the credit facility will allow Mattr to continue investing in innovation and capacity for these high-demand product lines.

Balancing Growth with Financial Discipline

The extension provides critical support as Mattr balances its growth ambitions with prudent financial management. The company's recent financial performance has been dynamic. Fiscal year 2025, reported in March 2026, showed robust health, with revenue from continuing operations climbing to $1.27 billion and net income soaring to $48.3 million.

However, this growth was fueled in part by the debt-financed acquisition of AmerCable. As a result, the company’s net debt-to-Adjusted EBITDA ratio currently sits above its target of 2.0 times. In response, management has clearly stated that debt reduction is a primary focus for 2026. The newly extended credit facility provides the stability needed to pursue this deleveraging strategy in an orderly fashion without being forced to curtail its vital MEO program or other organic growth investments.

This approach reflects the “disciplined capital allocation” strategy mentioned by CFO Tom Holloway. By securing its primary liquidity source for the long term, Mattr has given itself the strategic optionality to pay down debt in the near term while keeping its powder dry for future value-accretive opportunities, whether they be further organic expansion or strategic acquisitions when market conditions become more favorable.

Riding the Wave of Infrastructure Modernization

Mattr's strategy and the confidence shown by its banking partners are firmly rooted in powerful secular trends reshaping the North American economy. Governments and private enterprises are pouring hundreds of billions of dollars into upgrading aging infrastructure, building resilient energy grids, and improving water management systems. These long-term, non-discretionary spending programs create a steady and predictable demand for the advanced materials and components that Mattr produces.

The global shift toward sustainability and the energy transition further solidifies the company’s position. As the economy electrifies, demand for the specialized wire and cable from its Connection Technologies segment will continue to grow. Likewise, its composite tanks and pipes offer corrosion-resistant and durable solutions for modern water infrastructure, aligning with the growing focus on water conservation and security.

By investing in its North American production footprint through the MEO program, Mattr is also positioning itself to benefit from the trend toward supply chain regionalization. As companies seek to reduce their reliance on complex global supply chains, Mattr’s enhanced domestic manufacturing capabilities will become a significant competitive advantage. This strategic foresight, backed by a newly fortified balance sheet, positions the company not just to navigate the coming years, but to be a key enabler of North America’s critical infrastructure renewal for the rest of the decade.