Matthews International Corporation announced the notice of redemption for all its outstanding 8.625% Senior Secured Second Lien Notes due 2027.
The redemption date is set for January 22, 2026, with a redemption price of 104.313% of the principal amount redeemed.
A notice of redemption is being sent to all currently registered holders of the Notes.
Redemption of Notes
Matthews International Corporation is redeeming all its 8.625% Senior Secured Second Lien Notes due 2027, totaling $300,000,000 in aggregate principal amount.
Redemption Details
The redemption date is January 22, 2026, with a redemption price of 104.313% of the principal amount redeemed, plus accrued and unpaid interest.
Notice Sent to Holders
A notice of redemption is being sent to all currently registered holders of the 8.625% Senior Secured Second Lien Notes.
- The redemption of the notes signifies Matthews International Corporation's strategic financial decision to manage its debt obligations effectively.
- This move may impact the Company's financial position in the short term but is aligned with its long-term financial stability objectives.
Matthews International Corporation's decision to redeem all its 8.625% Senior Secured Second Lien Notes demonstrates its commitment to prudent financial management.