On February 11, 2026, Matthews International Corporation entered into the Eighth Amendment to its Third Amended and Restated Loan Agreement, reducing the revolving credit facility from $750 million to $700 million, increasing the term loan facility to $150 million with maturity extended to January 31, 2029, and modifying interest coverage ratio covenants and EBIT definition.
Key takeaways
Eighth Amendment executed February 11, 2026 to Third Amended and Restated Loan Agreement
Revolving credit facility reduced to $700 million from $750 million
Term loan facility increased to $150 million with repayments starting July 1, 2026
Term loan maturity extended to January 31, 2029
Interest Coverage Ratio covenants set at 3.00:1.00 through Dec 31, 2025, then 2.50:1.00 for Mar 31, 2026, 2.75:1.00 for Jun 30, 2026, and 3.00:1.00 thereafter
Waiver of Specified Defaults related to name changes of SGK LLC, Schawk Holdings Inc., and Schawk Worldwide Holdings Inc.