Matthews International Corp Files 8-K with Agreement Updates
Ticker: MATW · Form: 8-K · Filed: Sep 30, 2024 · CIK: 63296
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, agreement-termination
Related Tickers: MATW
TL;DR
Matthews Intl (MATW) filed an 8-K detailing new agreements and terminations - watch for details.
AI Summary
Matthews International Corporation entered into a Material Definitive Agreement on September 27, 2024, related to a financial obligation. The company also reported the termination of a Material Definitive Agreement and other events. Specific details regarding the nature of these agreements and obligations are not fully disclosed in this filing.
Why It Matters
This filing indicates significant changes in the company's contractual and financial arrangements, which could impact its future operations and financial health.
Risk Assessment
Risk Level: medium — The filing mentions material definitive agreements and terminations, suggesting potential shifts in business operations or financial commitments that warrant closer examination.
Key Players & Entities
- Matthews International Corporation (company) — Registrant
- September 27, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into on September 27, 2024?
The filing indicates the entry into a Material Definitive Agreement, but the specific details of the agreement are not provided in this summary.
What was the reason for the termination of the Material Definitive Agreement?
The filing reports the termination of a Material Definitive Agreement, but the reasons for this termination are not specified.
What type of financial obligation was created or is under an off-balance sheet arrangement?
The filing states the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement, but the specifics are not detailed here.
What are the 'Other Events' reported in this 8-K filing?
The filing lists 'Other Events' as a category of information, but the specific events are not elaborated upon in the provided text.
When is Matthews International Corporation's fiscal year end?
Matthews International Corporation's fiscal year ends on September 30.
Filing Stats: 2,843 words · 11 min read · ~9 pages · Grade level 14.4 · Accepted 2024-09-30 08:03:54
Key Financial Figures
- $1.00 — which registered Class A Common Stock, $1.00 par value MATW Nasdaq Global Select
- $300,000,000 — " Matthews " or the " Company ") issued $300,000,000 aggregate principal amount of 8.625% Se
- $75.0 million — incipal amount outstanding in excess of $75.0 million that results in acceleration of the mat
Filing Documents
- d873825d8k.htm (8-K) — 53KB
- d873825dex41.htm (EX-4.1) — 830KB
- d873825dex101.htm (EX-10.1) — 322KB
- d873825dex102.htm (EX-10.2) — 349KB
- d873825dex103.htm (EX-10.3) — 215KB
- d873825dex991.htm (EX-99.1) — 10KB
- g873825g0929063807707.jpg (GRAPHIC) — 2KB
- 0001193125-24-228450.txt ( ) — 2293KB
- matw-20240927.xsd (EX-101.SCH) — 3KB
- matw-20240927_lab.xml (EX-101.LAB) — 17KB
- matw-20240927_pre.xml (EX-101.PRE) — 11KB
- d873825d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 Indenture, dated as of September 27, 2024, by and among Matthews International Corporation, the guarantors party thereto, and Truist Bank, as trustee and collateral agent 4.2 Form of 8.625% Senior Secured Second Lien Note due October 1, 2027 (included in Exhibit 4.1) 10.1 Second Amended and Restated Pledge and Security Agreement, dated September 27, 2024, by Matthews International Corporation and the other grantors party thereto in favor of Citizens Bank, N.A., as administrative agent 10.2 Second Lien Pledge and Security Agreement, dated as of September 27, 2024, by Matthews International Corporation and the other grantors party thereto in favor of Truist Bank, as collateral agent 10.3 Intercreditor Agreement, dated as of September 27, 2024, by and among Citizens Bank, N.A., as administrative agent, and Truist Bank, as trustee and collateral agent, and acknowledged by Matthews International Corporation and the grantors party thereto 99.1 Press Release, dated September 30, 2024, issued by Matthews International Corporation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MATTHEWS INTERNATIONAL CORPORATION (Registrant) By: /s/ Steven F. Nicola Steven F. Nicola Chief Financial Officer and Secretary Date: September 30, 2024