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Matthews International Announces Notice of Redemption for All of its 8.625% Senior Secured Second Lien Notes due 2027

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PITTSBURGH, Jan. 12, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) ("Ma...

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AI Summary

Matthews International Corporation plans to redeem $300 million in senior secured notes, boosting its financial flexibility. The expected redemption price indicates a strategic move to enhance balance sheet management ahead of 2026, which could positively affect MATW's market perception and performance. Investors should watch for possible price fluctuations as redemption approaches.

Sentiment Rationale

The redemption indicates stronger financial management, likely fostering investor confidence. Historically, announcements of such actions have led to immediate positive stock price reactions.

Trading Thesis

Consider buying MATW shares in anticipation of enhanced liquidity and potential growth.

Market-Moving

  • Note redemption enhances financial flexibility and may boost investor confidence.
  • Increased liquidity could lead to potential reinvestments or debt refinancing.
  • Management's commitment to innovation suggests long-term growth prospects.
  • Market volatility due to economic changes may still impact share price.

Key Facts

  • Matthews International announced redemption of $300M notes due 2027.
  • Redemption price set at 104.313%, effective January 22, 2026.
  • Company focuses on innovation and strategic growth across two segments.
  • Risks include economic changes and supply chain disruptions.
  • Company employs over 5,400 people across 19 countries.

Companies Mentioned

  • Propelis (N/A): Significant investment expected to drive growth in branding.

Corporate Developments

This news falls under 'Corporate Developments' as it involves an essential strategic financial decision intended to optimize the company's balance sheet. This could be a precursor to greater investment opportunities or growth initiatives, making it a significant update for investors.

Matthews International Corporation Announces Redemption of 8.625% Senior Secured Second Lien Notes

Matthews International Corporation (NASDAQ GSM: MATW) has officially issued a notice of redemption for its outstanding 8.625% Senior Secured Second Lien Notes due 2027, totaling an aggregate principal amount of $300,000,000. The redemption is scheduled for January 22, 2026, at a redemption price of 104.313% of the principal amount, plus accrued and unpaid interest until the redemption date.

Details of the Redemption Notice

As part of the redemption process, notices are being dispatched to all currently registered holders of these notes. It's important to note that this announcement does not constitute an offer or solicitation for the purchase of the notes or any other securities.

Overview of Matthews International Corporation

Matthews International operates primarily through two key sectors: Industrial Technologies and Memorialization. The company's focus is on enhancing operational efficiency and fostering long-term growth through innovation and strategic initiatives.

  • Industrial Technologies: This segment originated from Matthews' marking business and is recognized globally for its commitment to precision technologies and intelligent processes.
  • Memorialization: As a major supplier of memorial products—including memorials, caskets, and cremation equipment—this segment serves cemetery and funeral home clients, helping them transition from grief to remembrance.
  • Investment in Propelis: Matthews also holds a substantial interest in Propelis, a brand solutions company that was formed through the merger of SGK and SGS & Co. Propelis offers comprehensive solutions in branding, packaging, print, and content production.

With a workforce of over 5,400 employees across 19 countries, Matthews International is dedicated to delivering high-quality products and services to its global clientele.

Forward-Looking Statements

This press release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Such statements, which include expectations regarding future conditions and performance, may be influenced by various risks and uncertainties.

These risks could impact the company’s actual results significantly, including:

  • Challenges in executing joint ventures like the Propelis transaction.
  • Variations in economic conditions, both domestic and international.
  • Fluctuations in currency exchange rates and interest rates.
  • Impacts from supply chain disruptions and labor-related issues.
  • Changes in product demand and pricing due to competitive pressures.

Contact Information

For further details, inquiries can be directed to:

  • Daniel E. Stopar
  • Chief Financial Officer and Treasurer
  • Matthews International Corporation
  • Two North Shore Center, Pittsburgh, PA 15212-5851
  • Phone: (412) 442-8200

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