Matthews International to repay revolver debt with new note proceeds

By Sarah Lizee

Olympia, Wash., Nov. 27 – Matthews International Corp. intends to repay debt under its revolving credit facility using proceeds from a new offering of notes, according to an 8-K filing with the Securities and Exchange Commission.

The company said it plans to issue $300 million of senior notes due 2025.

Matthews is a Pittsburgh-based designer, manufacturer and marketer of memorialization products and brand services.

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