Matthews International’s $300 million High Yield Notes Offering


Simpson Thacher represented J.P. Morgan Securities LLC and the other initial purchasers in connection with a debut high yield notes offering by Matthews International Corporation (“Matthews”) of $300 million aggregate principal amount of 5.25% Senior Notes due 2025 pursuant to Rule 144A and Regulation S. The offering closed on December 6, 2017.

Matthews intends to use the net proceeds from the offering to repay indebtedness outstanding under its senior credit facility.

Matthews, founded in 1850 and incorporated in Pennsylvania in 1902, is a provider principally of brand solutions, memorialization products and industrial technologies.

The Simpson Thacher team for this transaction included Art Robinson (Picture), Mark Brod, Teresa Chen, Clark Warthen and Ngozi Nezianya (Capital Markets); Jonathan Cantor and Brian Mendick (Tax); Jeanne Annarumma and Madeline Sprung-Keyser (Executive Compensation and Employee Benefits); Marissa Lambert (Intellectual Property); Michael Isby (Environmental); and Andrew Pagliughi (Blue Sky).

Involved fees earner: Arthur Robinson – Simpson Thacher & Bartlett; Mark Brod – Simpson Thacher & Bartlett; Teresa Chen – Simpson Thacher & Bartlett; Charles Clark Warthen – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Madeline Sprung-Keyser – Simpson Thacher & Bartlett; Marissa Lambert – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JP Morgan Securities;

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Author: Ambrogio Visconti