Matthews International Corp. (MATW) announced on Monday a proposed private offering of senior secured second lien notes due 2027.
At or prior to the closing of the offering of the notes, the company intends to amend its senior credit facility to permit the notes to be secured by a second priority lien.
Matthews intends to use the net proceeds of the offering, together with borrowings, to redeem all of its outstanding 5.25 percent senior notes due December 1, 2025, on or about October 25, 2024.
The proceeds will also be used to pay accrued and unpaid interest on the existing 2025 notes.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.