secwatch.observer — SEC 8-K summary
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Issuer:     MATTHEWS INTERNATIONAL CORP (MATW)
CIK:        0000063296
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001193125-26-052745
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63296/000119312526052745/0001193125-26-052745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63296/000119312526052745/d100367d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-052745

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer