Matthews extends $750M credit facility maturity to Jan 2029, ups LC limit to $75M

MATTHEWS INTERNATIONAL CORP

Fifth Amendment extends maturity to January 2029; aggregate commitment remains $750M.
Letter of credit sublimit raised from $55M to $75M under the amended facility.
TD Bank added as joint lead arranger; BMO, Fifth Third, and Northwest exit; Citibank, M&T join.
Borrowings bear interest at SOFR plus 0.10% plus 1.0%-2.0% margin based on leverage ratio.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MATTHEWS INTERNATIONAL CORP amended Fifth Amendment with the banks party thereto (effective 2024-01-31).

Action: amendment
Agreement: credit facility
Counterparty: the banks party thereto
Effective: 2024-01-31

Exact text from the filing

On January 31, 2024, Matthews International Corporation (the “Corporation”) entered into a Fifth Amendment (the “Fifth Amendment”) to the Third Amended and Restated Loan and Security Agreement (as amended, the “Credit Agreement”) by and among the Corporation and the banks party thereto (the “Credit Facility”).

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27 material agreements filed in the last 30 days. Browse all material agreements →

MATTHEWS INTERNATIONAL CORP filing history →

Source: SEC EDGAR

accession 0000063296-24-000010

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