-+ 0.00%
-+ 0.00%
-+ 0.00%
Matthews International amends credit facility, cuts revolving credit capacity to $650 million
Share
Listen to the news
Matthews International amends credit facility, cuts revolving credit capacity to $650 million
  • Matthews International amended its bank credit facility via a Ninth Amendment to its Third Amended and Restated Loan and Security Agreement.
  • Revolver capacity cut to $650 million from $700 million.
  • Leverage covenant reset through Dec. 31, 2027, with a temporary maximum of 5.25x, stepping down to 4.75x.
  • Propelis joint venture interest excluded from leverage ratio during the relief period; post-period leverage cap set at 4.5x.
  • Foreign borrowing facility eliminated; Matthews Europe GmbH released as foreign borrower; foreign revolver and letters-of-credit limit reduced to $0 from $350 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matthews International Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-383796), on September 04, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending