secwatch.observer — SEC 8-K summary
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Issuer:     MATTHEWS INTERNATIONAL CORP (MATW)
CIK:        0000063296
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001193125-24-224129
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matthews International prices $300M of 8.625% senior secured notes due 2027 to redeem 2025 notes
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- Issued $300M aggregate principal amount of 8.625% senior secured second lien notes due Oct 1, 2027.
- Interest payable semi-annually on Apr 1 and Oct 1, beginning Apr 1, 2025.
- Net proceeds of ~$296M, together with credit facility borrowings, to redeem all outstanding 5.25% senior notes due Dec 1, 2025 on ~Oct 24, 2024.
- Sixth Amendment to credit agreement permits second lien on substantially all U.S. guarantor assets; $750M credit facility unchanged.
- Offering expected to close Sep 27, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63296/000119312524224129/0001193125-24-224129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63296/000119312524224129/d872508d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-224129

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