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Stock impact report

Matthews International Completes Senior Notes Offering

Matthews International Corporation - Class A (MATW) 
Last matthews international corporation - class a earnings: 1/30 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: matw.com/investor
Company Research Source: GlobeNewswire
PITTSBURGH, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) closed on September 27, 2024 on its previously announced private offering of $300 million aggregate principal amount of its 8.625% senior secured second lien notes due 2027 (the “Notes”). The Notes will pay interest semi-annually in arrears, on April 1 and October 1 of each year, beginning on April 1, 2025. The Notes will mature on October 1, 2027, unless earlier redeemed or repurchased, and are callable in one year. Mr. Bartolacci, President and Chief Executive Officer, stated: “We are pleased to complete the offering of our new notes, which will facilitate the repayment of our existing notes well in advance of their December 1, 2025 maturity and maintain the Company’s longstanding financial stability. The new offering was well oversubscribed which resulted in an effective and efficient offering process. The Notes, which mature October 1, 2027, are cal Show less Read more
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