Matthews amends credit facility: revolver cut to $700M, adds $150M term loan, extends maturity to Jan 2029

MATTHEWS INTERNATIONAL CORP

Revolving credit commitments reduced from $750M to $700M; additional increases capped at $250M.
New $150M term loan with $1.875M quarterly installments starting July 2026; final $129.375M due Jan 31, 2029.
Interest Coverage Ratio covenant stepped: 2.50x for Q1 2026, 2.75x for Q2 2026, 3.00x from Q3 2026 onward.
Amended EBIT definition adds 50% of Propelis JV cash dividends/distributions to calculation.
Waived defaults for SGK LLC, Schawk Holdings Inc., Schawk Worldwide Holdings Inc. for changing names without notice.

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 Eighth Amendment with the banks party thereto valued at reduced to $700 million from $750 million (effective 2026-02-11).

Action: amendment
Agreement: credit facility
Counterparty: the banks party thereto
Value: reduced to $700 million from $750 million
Effective: 2026-02-11

Exact text from the filing

On February 11, 2026, Matthews International Corporation (the “Company”) entered into an Eighth Amendment (the “Eighth Amendment”) to the Third Amended and Restated Loan and Security Agreement (as amended, the “Credit Agreement”) by and among the Company and the banks party thereto (the “Credit Facility”).

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MATTHEWS INTERNATIONAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-052745

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