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Matthews International Announces Notes Offering and Agreement Amendment
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Matthews International Announces Notes Offering and Agreement Amendment

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Matthews International ( (MATW) ) has provided an update.

Matthews International Corporation has entered into a Purchase Agreement for the issuance and sale of $300 million of 8.625% Senior Secured Second Lien Notes due 2027, with the intention of using the proceeds along with other borrowings to redeem existing senior notes. The Notes come with guarantees by both U.S. and foreign subsidiaries and will be secured by a second priority lien on the company’s assets. Concurrent with the Notes offering, Matthews amended its Credit Agreement, allowing for the issuance of the Notes and the collateral securing them. Additionally, a press release was issued to announce the pricing of the private offering of the Notes.

Find detailed analytics on MATW stock on TipRanks’ Stock Analysis page.

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