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Matthews International ( (MATW) ) just unveiled an announcement.
Matthews International Corporation successfully issued $300 million in 8.625% Senior Secured Second Lien Notes due 2027, with a plan to utilize the funds, along with other borrowings, for retiring existing senior notes well before their maturity date, enhancing the company’s financial flexibility. The notes, which are callable after a year, will pay semi-annual interest starting April 1, 2025, and mature on October 1, 2027, providing investors an attractive investment opportunity with a clear redemption strategy.
See more data about MATW stock on TipRanks’ Stock Analysis page.
