Matthews International (MATW) said Monday it closed a $300 million private offering of its 8.625% senior secured second lien notes due 2027.
The notes will pay on April 1 and Oct. 1 annually, beginning on April 1, 2025 until maturity on Oct. 1, 2027, Matthews said.
Net proceeds of the offering will be used to help redeem all outstanding senior notes due 2025 by late October, as well pay for the interest on those notes, the company said.
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