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MATW > SEC Filings for MATW > Form 8-K on 22-Jul-2013All Recent SEC Filings

Show all filings for MATTHEWS INTERNATIONAL CORP

Form 8-K for MATTHEWS INTERNATIONAL CORP


22-Jul-2013

Entry into a Material Definitive Agreement, Financial Statements and


Item 1.01 Entry into a Material Definitive Agreement

On July 18, 2013, the Company entered into a new domestic Revolving Credit Facility with a syndicate of financial institutions, the names of which are listed on the Revolving Credit Agreement attached hereto as Exhibit 10.1. The new credit facility replaces the Company's existing domestic Revolving Credit Facility. The maximum amount of borrowings available under the new facility is $500.0 million and the facility's maturity is July 2018. Borrowings under the facility bear interest at LIBOR plus a factor ranging from 0.75% to 1.25% based on the Company's leverage ratio. The leverage ratio is defined as net indebtedness divided by EBITDA (earnings before interest, taxes, depreciation and amortization). The Company is required to pay an annual commitment fee ranging from .15% to .25% (based on the Company's leverage ratio) of the unused portion of the facility. The Revolving Credit Facility requires the Company to maintain certain leverage and interest coverage ratios. A portion of the facility (not to exceed $30.0 million) is available for the issuance of trade and standby letters of credit.



Item 9.01 Financial Statements and Exhibits

(d) The following exhibit is furnished with this Report on Form 8-K.

10.1 First Amended and Restated Loan Agreement dated July 18, 2013


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