08:04 AM EST, 12/24/2024 (MT Newswires) -- Mattr ( MTTRF ) on Tuesday said it expects to close its US$280 million acquisition of AmerCable around Jan. 2 after the expiration of the waiting period mandated by the Hart-Scott-Rodino Antitrust Act (HSR Act).

Following HSR approval, Mattr ( MTTRF ) will receive the $129.3 million it raised in debt subscription financing through the issue of 125 million debt subscription receipts. The funds will fund the AmerCable acquisition.

Holders of the receipts will receive a newly authenticated 7.25% senior unsecured note of the company due April 2, 2031, in a principal amount of $1,000, per 1000 subscription receipts held.