---
schema_version: "secwatch.filing_event.v1"
accession: "0000916789-24-000041"
form_type: "8-K"
ticker: "HELE"
cik: "0000916789"
company_name: "HELEN OF TROY LTD"
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T03:13:58.831873+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Helen of Troy completes $229.4M acquisition of Olive & June; funds with $235M revolver draw

## Summary
- Olive & June 2024 net sales expected ~$92M; acquisition immediately accretive to revenue growth, gross margin, adjusted EBITDA margin, adjusted EPS, and free cash flow.
- Initial cash consideration $229.4M net of cash acquired, plus up to $15M contingent earnout over 3 years.
- Borrowed $235M under revolving credit facility; pro forma net leverage ratio 3x at closing.
- Swapped $550M (56% of floating borrowings) to fixed SOFR 3.9% through February 2026.
- Helen of Troy to update fiscal 2025 outlook including Olive & June on Jan 9, 2025 with Q3 earnings.

## SEC filing metadata
- accession: 0000916789-24-000041
- form_type: 8-K
- ticker: HELE
- cik: 0000916789
- company_name: HELEN OF TROY LTD
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/916789/000091678924000041/0000916789-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916789/000091678924000041/hele-20241216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000916789-24-000041
- JSON: https://secwatch.observer/filing/0000916789-24-000041.json
- Plain text: https://secwatch.observer/filing/0000916789-24-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.