Matthews International amends credit agreement, cuts revolver to $700 million
On February 11, 2026, Matthews International entered an Eighth Amendment to its credit agreement, reducing the revolving credit facility to $700 million from $750 million and raising the term loan facility to $150 million. The amendment also extends the term loan maturity to January 31, 2029 and sets revised interest coverage ratio requirements through 2026, which shareholders may track as the company's borrowing terms change.
Key points
- Revolving credit facility reduced to $700 million from $750 million; term loan facility increased to $150 million
- Term loan maturity extended to January 31, 2029, with quarterly installments of $1,875,000 beginning July 1, 2026
- Minimum interest coverage ratio set at 2.50 to 1.00 for the quarter ending March 31, 2026, 2.75 to 1.00 for June 30, 2026, and 3.00 to 1.00 from September 30, 2026
- Additional revolver increases or term loans capped at $250 million; revolver also reduces on certain business sales
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 17, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.