Mattamy Homes' $200 million term loan to launch Tuesday

By Sara Rosenberg

New York, Feb. 10 - Mattamy Homes is scheduled to hold a bank meeting on Tuesday to launch its proposed $200 million term loan, according to a market source.

RBC Capital Markets is the lead bank on the deal.

The term loan is expected to have a four-B profile, the source said, adding that the transaction will be privately rated.

Proceeds from the term loan will be used to refinance some existing debt and provide growth capital.

Based in Burlington, Ont., Mattamy is the largest residential homebuilder in Canada.

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