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

Rhea-AI Summary

Matthews International (NASDAQ: MATW) announced a notice of redemption for all outstanding 8.625% Senior Secured Second Lien Notes due 2027, with an aggregate principal amount of $300,000,000. The redemption date is January 22, 2026. The redemption price is 104.313% of principal plus accrued and unpaid interest to, but not including, the redemption date. A notice is being sent to all currently registered holders. This press release is stated as informational and does not itself constitute an offer or solicitation to purchase the Notes.

Positive

• Notice to redeem $300,000,000 of 8.625% notes
• Redemption date set for January 22, 2026

Negative

• Redemption requires payment of 104.313% of principal plus accrued interest
• Immediate cash obligation may increase near-term liquidity outflow

News Market Reaction

-3.01%

1 alert

-3.01% News Effect

On the day this news was published, MATW declined 3.01%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Coupon rate: 8.625% Aggregate principal: $300,000,000 Redemption date: January 22, 2026 +2 more

5 metrics

Coupon rate 8.625% Senior Secured Second Lien Notes due 2027

Aggregate principal $300,000,000 Total outstanding Notes subject to redemption

Redemption date January 22, 2026 Scheduled redemption of 8.625% Notes

Maturity year 2027 Original due date of 8.625% Notes

Redemption price 104.313% Of principal amount redeemed, plus accrued and unpaid interest

Market Reality Check

Price: $26.09 Vol: Volume 325,850 is about 1...

normal vol

$26.09 Last Close

Volume Volume 325,850 is about 1.26x the 20-day average of 258,049, indicating elevated interest ahead of the redemption announcement. normal

Technical Price at $28.56 is trading above the 200-day MA of $23.51 and sits 10.75% below the 52-week high of $32.00.

Peers on Argus

MATW gained 2.26% while peers were mixed: DLX up 1.08%, CODI up 5.16%, but TTI, ...

MATW gained 2.26% while peers were mixed: DLX up 1.08%, CODI up 5.16%, but TTI, FIP, and CRESY declined. The movement appears more company-specific than sector-driven.

Historical Context

5 past events · Latest: Jan 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 07	Business divestiture	Positive	+4.8%	Sale of European packaging and tooling units with proceeds applied to debt.
Dec 31	Business divestiture	Positive	-1.3%	Closing of Warehouse Automation sale with proceeds earmarked for debt reduction.
Dec 07	Strategic update	Positive	+3.0%	Update on portfolio simplification, asset sales, debt reduction, and dividends.
Nov 20	Earnings report	Neutral	-0.6%	Q4 and FY2025 results including sales, EBITDA and 2026 EBITDA outlook.
Nov 19	Dividend increase	Positive	+1.2%	Announcement of higher quarterly dividend and ongoing dividend growth track record.

Pattern Detected

Recent news often focused on portfolio simplification, asset sales, and debt reduction, with most such announcements followed by positive share reactions, though one major asset sale saw a negative response.

Recent Company History

Over the past few months, Matthews International has emphasized portfolio reshaping and balance sheet improvement. On Nov 19, 2025, it announced its 32nd consecutive dividend increase to $0.255 per share. Subsequent updates detailed fiscal 2025 results with $1.50B in sales and about $200M in adjusted EBITDA, the SGK contribution to Propelis, and asset sales including the Warehouse Automation business for $232.1M and European packaging/tooling operations for $41M, with proceeds directed toward debt reduction. Today’s note redemption fits this ongoing de-leveraging narrative.

Market Pulse Summary

This announcement details the full redemption of $300,000,000 of 8.625% Senior Secured Second Lien N...

Analysis

This announcement details the full redemption of $300,000,000 of 8.625% Senior Secured Second Lien Notes due 2027 at a price of 104.313% plus accrued interest on January 22, 2026. It follows several recent actions focused on asset sales and debt reduction. Investors may track how this redemption affects interest expense, leverage metrics, and future cash deployment alongside prior divestitures and dividend commitments when evaluating Matthews International’s evolving capital structure.

Key Terms

senior secured second lien notes, aggregate principal amount, accrued and unpaid interest

3 terms

senior secured second lien notes financial

"all of its outstanding 8.625% Senior Secured Second Lien Notes due 2027"

A senior secured second lien note is a type of loan or bond that is backed by specific company assets but is paid after a first‑lien lender if those assets must be sold. Think of it as two people holding a mortgage on the same house: the first person gets paid from a sale first, and the second person gets whatever remains; because of that lower payout priority, second‑lien notes usually offer higher interest to compensate investors for the added risk. Investors watch these for the trade-off between higher yield and greater recovery uncertainty in a default.

aggregate principal amount financial

"in an aggregate principal amount of $300,000,000 (the "Notes")"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

accrued and unpaid interest financial

"plus accrued and unpaid interest to, but not including, the redemption date"

Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.

AI-generated analysis. Not financial advice.

PITTSBURGH, Jan. 12, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company") today announced that it has issued a notice of redemption with respect to all of its outstanding 8.625% Senior Secured Second Lien Notes due 2027, in an aggregate principal amount of $300,000,000 (the "Notes"). As set forth in the notice of redemption issued today in respect of the Notes, the redemption date is January 22, 2026, and the redemption price for the Notes is 104.313% of the principal amount redeemed, plus accrued and unpaid interest to, but not including, the redemption date. 

A notice of redemption is being sent to all currently registered holders of such Notes. This press release does not constitute a notice of redemption with respect to, or an offer or solicitation to purchase, the Notes or any other securities.

About Matthews International Corporation

Matthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from our original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 5,400 employees in 19 countries on four continents that are committed to delivering the highest quality products and services.

Forward-looking Information

Any forward-looking statements contained in this release are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of Matthews International Corporation and its consolidated subsidiaries (collectively "Matthews" or the "Company") regarding the future, and may be identified by the use of words such as "expects," "believes," "intends," "projects," "anticipates," "estimates," "plans," "seeks," "forecasts," "predicts," "objective," "targets," "potential," "outlook," "may," "will," "could" or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include risks to our ability to achieve the anticipated benefits of the joint venture transaction with Propelis that closed in fiscal year 2025, changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, including changes in costs due to adjustments to tariffs, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company's operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions, divestitures, and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, the Company's plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company's plans and expectations with respect to its Board of Directors, and other factors described in the Company's Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.

Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA 15212-5851
Phone: (412) 442-8200

Contact: Daniel E. Stopar
Chief Financial Officer
and Treasurer

View original content to download multimedia:https://www.prnewswire.com/news-releases/matthews-international-announces-notice-of-redemption-for-all-of-its-8-625-senior-secured-second-lien-notes-due-2027--302658904.html

SOURCE Matthews International Corporation

FAQ

What did Matthews International (MATW) announce about its 2027 notes on January 12, 2026?

Matthews issued a notice of redemption for all outstanding 8.625% Senior Secured Second Lien Notes due 2027, totaling $300,000,000.

When is the redemption date for the MATW 8.625% second lien notes due 2027?

The redemption date is scheduled for January 22, 2026.

What redemption price will Matthews (MATW) pay for the 2027 notes?

The redemption price is 104.313% of principal plus accrued and unpaid interest to, but not including, the redemption date.

Who receives the notice of redemption for MATW's 2027 notes?

A notice of redemption is being sent to all currently registered holders of the Notes.

Does this press release act as an offer to purchase the MATW 2027 notes?

No. The release states it does not constitute a notice of redemption for other securities or an offer or solicitation to purchase the Notes or any other securities.