Matthews International Announces Proposed Private Offering of Senior Notes
BY GlobeNewswire | CORPORATE | 09/23/24 08:15 AM EDTPITTSBURGH, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation
The Company intends to use the net proceeds of the offering, together with borrowings under the Company?s senior credit facility, to redeem all of its outstanding 5.25% senior notes due December 1, 2025 (the ?Existing 2025 Notes?) on or about October 25, 2024, and to pay accrued and unpaid interest on the Existing 2025 Notes to, but not including, the date of redemption, and to satisfy and discharge the indenture governing the Existing 2025 Notes.
The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the ?Securities Act?) or the securities laws of any other jurisdiction and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable state securities laws. The Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A of the Securities Act and outside the United States in reliance on Regulation S of the Securities Act.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offers of the Notes will be made only by means of a confidential offering memorandum. This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
This press release does not constitute a notice of redemption with respect to, or an offer or solicitation to purchase, the Existing 2025 Notes or any other securities.
Certain statements in this release may constitute forward-looking statements and are subject to various risks and uncertainties as discussed in the Company?s filings with the Securities and Exchange Commission. The Company is not obligated to update these forward-looking statements even if the Company?s assessment of these risks and uncertainties changes.
About Matthews International Corporation
Matthews International Corporation
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 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 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, 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 and divestitures, 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 outcome of the Company?s dispute with Tesla, Inc. (?Tesla?), 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: | Steven F. Nicola? | ?William D. Wilson |
? | ? | Chief Financial Officer | ?Senior Director |
? | ? | and Secretary | ?Corporate Development |
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Source: Matthews International Corporation