Matthews International Ninth Amendment: Covenant Relief, Reduced Borrowing, Foreign Borrower Release

Matthews International Corporation filed a Form 8-K reporting its entry into a Ninth Amendment to the Third Amended and Restated Loan and Security Agreement (Credit Agreement) dated September 1, 2026. The amendment aligns the credit facility's terms with the company's structure following recent divestitures. Key changes include: (i) excluding the company's 40% interest in the Propelis Joint Venture from the Leverage Ratio calculation, supported by a "Covenant Relief Period" running through December 31, 2027, during which the permitted Leverage Ratio steps down from 5.25 to 1.00 (through June 2027) to 5.00 to 1.00 (September 2027) and 4.75 to 1.00 (December 2027), reverting to 4.50 to 1.00 thereafter (subject to a 0.50 reduction upon any Propelis sale); (ii) reducing revolving credit facility availability from $700 million to $650 million; and (iii) releasing Matthews Europe GmbH as a Foreign Borrower, eliminating the foreign borrowing facility and reducing the aggregate cap on Foreign Borrower loans and letters of credit from $350 million to $0.00. All other material terms remain unchanged. The amendment was reported under Items 1.01, 2.03, and 9.01.