Ethan Kalis's questions to Matthews International Corp (MATW) leadership • Q1 2025
Question
Ethan Kalis asked about the company's capital structure plans, specifically which debt would be repaid with the SGK proceeds, the strategy for refinancing its bonds, and the long-term leverage target.
Answer
CFO Steven Nicola stated that proceeds from the SGK deal will be substantially applied to revolver debt. He also noted they will take a 'hard look' at refinancing their bonds when the one-year no-call period expires in September. CEO Joseph Bartolacci added this was intentional. Nicola reiterated the long-term leverage target is 3.0x or less, with a continued focus on deleveraging.