Matthews International (NASDAQ: MATW) calls $300M 8.625% 2027 notes

Rhea-AI Filing Summary

Matthews International Corporation plans to redeem all $300,000,000 of its 8.625% Senior Secured Second Lien Notes due 2027. The company has notified noteholders that on January 22, 2026 it will redeem 100% of the outstanding aggregate principal amount at a price equal to 104.313% of the principal, plus any accrued and unpaid interest up to, but not including, the redemption date. This action removes a high-coupon secured debt layer from the capital structure and reflects a decision to retire these notes ahead of their 2027 maturity.

Positive

• Full redemption of high-coupon debt: Matthews International will redeem 100% of its 8.625% Senior Secured Second Lien Notes due 2027, totaling $300,000,000, potentially lowering future interest expense and simplifying its capital structure.

Negative

• None.

Insights

Corporate finance analyst

Matthews is retiring $300M of high-coupon secured debt early.

Matthews International Corporation will redeem all outstanding 8.625% Senior Secured Second Lien Notes due 2027, totaling $300,000,000 in principal. The redemption on January 22, 2026 will be at 104.313% of principal, plus accrued and unpaid interest, as specified in the indenture.

These notes carry a relatively high 8.625% coupon and are secured on a second-lien basis, so their full redemption eliminates an expensive layer of secured debt. Paying a 4.313% call premium and any accrued interest is a one-time cost that may be offset over time by lower interest expense or a more flexible capital structure, depending on how the redemption is funded.

The impact on leverage and liquidity will depend on whether Matthews uses existing cash, operating cash flows, new debt, or a mix of sources, which is not detailed here. Future disclosures in periodic reports can clarify post-redemption debt levels, interest expense, and any refinancing steps following this January 22, 2026 payoff.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

0000063296false00000632962026-01-122026-01-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

____________________________________________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 12, 2026

____________________________________________________________

MATTHEWS INTERNATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

____________________________________________________________

Pennsylvania			0-09115			25-0644320
(State or other jurisdiction of			(Commission			(I.R.S. Employer
Incorporation or organization)			File Number)			Identification No.)

Two Northshore Center, Pittsburgh, PA 15212-5851

(Address of principal executive offices) (Zip Code)

(412) 442-8200

(Registrant's telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

_____________________________________________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Class A Common Stock, $1.00 par value

MATW

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01    Other Events

Notice of Redemption

On January 12, 2026, Matthews International Corporation (the “Company”) issued a notice of redemption to the holders of its outstanding 8.625% Senior Secured Second Lien Notes due 2027 (the “Notes”), informing such holders that the Company will redeem 100% of the outstanding aggregate principal amount of the Notes on January 22, 2026 for the redemption price set forth in the indenture governing the Notes, equal to 104.313% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on such Notes, if any, to, but not including, the applicable date of redemption. As of January 12, 2026, the outstanding aggregate principal amount of the Notes was $300,000,000.

Press Release

On January 12, 2026, the Company issued a press release announcing the notice of redemption of the Notes. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01     Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit Number						Description
99.1						Press Release, dated January 12, 2026, 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/ Daniel E. Stopar
						Daniel E. Stopar
						Chief Financial Officer and Treasurer

Date: January 12, 2026

FAQ

What did Matthews International (MATW) announce about its 8.625% notes?

Matthews International Corporation announced it will redeem 100% of its outstanding 8.625% Senior Secured Second Lien Notes due 2027 on January 22, 2026.

How much principal is Matthews International redeeming on its 2027 notes?

As of January 12, 2026, the outstanding aggregate principal amount of the notes to be redeemed is $300,000,000.

At what price will Matthews International redeem the 8.625% notes?

The notes will be redeemed at a price equal to 104.313% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date.

When is the redemption date for Matthews International’s 8.625% notes?

The redemption date for the 8.625% Senior Secured Second Lien Notes due 2027 is January 22, 2026.

Did Matthews International issue a press release about the note redemption?

Yes. Matthews International issued a press release on January 12, 2026 announcing the notice of redemption for the notes, which is included as Exhibit 99.1.

What type of debt is Matthews International redeeming?

The company is redeeming its 8.625% Senior Secured Second Lien Notes due 2027, which are secured obligations with a second-lien position.