Mattamy Homes announces additional $100 million senior unsecured notes issue and key operating results for second quarter ended November 30, 2016

TORONTO, Jan. 18, 2017 /CNW/ - Mattamy Group Corporation ("Mattamy"), North America's largest privately owned homebuilder, announced today the completion and funding of a US dollar offering of $100 million aggregate principal amount, senior unsecured notes and key operating results for the second quarter ended November 30, 2016. The Notes offering is a tack-on issue from the recent issue of senior notes that closed in December 2016.

The net proceeds from the Notes offering will be used for general corporate purposes. The tack-on issue is on a bought-deal basis.

As with the previous transaction, Mattamy will continue to be well-positioned with:

  • A conservative, expanded and cost-efficient long-term unsecured capital base
  • Increased liquidity to support existing development plans and opportunistic land acquisition
  • Extended maturity profile through 2023 to weather any changes to the Canadian and U.S. economic and homebuilding cycle
  • Improved mix between secured and unsecured borrowings

The notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state of jurisdiction in which such an offer, solicitation or sale would be unlawful.

Credit Suisse and RBC Capital Markets served as joint physical book runners for the offering.

Key operating results for the second quarter ended November 30, 2016 (info presented proportionately)

  • Homes closed increased 32.4% to 1,499 from 1,132 in the prior year quarter
  • Net sales orders declined 5.8% to 1,826 homes from 1,938 homes in the prior year quarter
  • Sales order backlog expanded 20.4% to 8,089 units from 6,716 units in the prior year quarter

For Access to Conference Call and Financial Reports:
Mattamy will host its conference call, for qualified investors, to discuss its second-quarter financial results live on January 31, 2017, from 10:00 am EST to 11:00 am EST. Conference call dial-in details and full financial results are available on Intralinks. An audio replay of the call will be available within 24 hours after the call on Intralinks.

Access to Mattamy's Intralinks site is accessible to beneficial owners of notes, prospective investors and others upon certification to establish its identity as such to the reasonable satisfaction of Mattamy. To obtain information on how to access the site, or if you experience any difficulty please contact

About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in North America, with operations across the United States and Canada. Mattamy has sold more than 75,000 homes in hundreds of communities. In the United States, the company is represented in nine metropolitan areas – Minneapolis-St. Paul, Charlotte, Phoenix, Tucson, Jacksonville, Orlando, Tampa, Sarasota and Naples – and in Canada, those communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit for more information.

SOURCE Mattamy Homes Limited

For further information: Bill Tofflemire, Chief Financial Officer, Mattamy Homes Limited,


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